Klondyke resources calculated only from 2.6 KM strike length out of 12.5 KM total and that too from shallow depths so far, co planning 50000 m drilling upto 450 m depth in 2018 for expanding the resource.
200+ mine workings on the tenements todally, so ample scope for exploration for many years.
Easy open heap leach amenability and CAI will get the mine running at some point
Very smart of them not to try to get the resource to millions of ounces right now, just trying to get an operation running for 5+ years with 100K oZ production every year, then they can do a lot of exploration over the 363 KM2 tenements they hold as a lot of free cash will be generated
CAI is an ideal long term hold candidate for the gold bull market in the safest geography possible.
Only negative is we will be having about 1.80 billion shares at some point, so consolidation will happen over next few years surely but it need not be negative if the co gets its act together in the gold bull market.
CAI Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held