I am fairly good chart reader, have been tracking CAI for quite some time looking for the inevitable long term breakout.
The LT charts are such that at some point in the near future, the SP can multibag very quickly and get into a different range and then consolidate for the next run. The reason obviously is by now the insiders must be knowing what is the possible resources of the 363 km2 tenements held by CAI, I think their ball park figure is 3 - 4 moZ. So the rerating of the scrip will come first, the actual news much later IMO.
We know well all the 200+ mining operations were highly fragmented, no systematic drilling was carried out at more depths , as the need was not felt at all to chase lower grades in their opinion at those times.
Kindly note this is purely my conjecture /wishful thinking, not based on any present day facts or news and so DYOR GLTAH.
CAI Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held