WAF we're hitting 500grams metres through RC holes when they first drilled M1. That was all included in open pit ounces. Comparing the orebody to them-WAF have ultra high grade small widths and fluid focused zones within the strike. It's Completely different type of ground and the orebody structure seems to me different. However Calidus's lower grade is still high grade when it comes to open pit ounces, highest grade open pit in Western Australia if not Australia is the potential without going deeper. Who knows what we could find but at this stage Calidus could be compared to cardinals project in Ghana. Massive widths of lower Grade gold and proven open pit feasibility. Klondyke seems to have some similarities but then again every orebody varies. At least it's all based on open pit for Calidus at our main deposit anyway. WAF are On the verge of a interesting year, I brought 2 years ago but as I understand the company management don't seem to want to take it to production. Calidus management seem to be wanting to move into that direction. Grade is King, so hopefully those high grade deposits can find grades higher than 7.5gpt. but I still think klondyke would have decent grades and would still be economically viable to go at it alone. Seems to Me like the best of both worlds.
CAI Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
(20min delay)
