There is virtually no interest in Calidus outside of Australia. All the other Pilbara players are followed and actively discussed on sites like CEO.ca and Stockhouse but CAI rarely gets a mention probably because there are no active market makers for it in any of the North American markets. As far as JORC resources are concerned CAI is second only to DeGrey and we could make number one with just one more round of successful infill drilling. As Chirpy noted Bids and Asks only 1/10 cent apart can sit all day without any transactions. Like it or not, the buzz is for conglomerate (regardless of whether it has gold or not) with structural gold of 2 gm per tonne considered as a non starter. In fact over 2 gm per tonne can be quite profitable for an open cut mine where mineralisation starts at the surface with a favorable strip ratio.
CAI Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held