Australia's largest stock trading and investment forum Australia's #1 stock forum

CAI

Click for more information

0.00%

11.5¢ calidus resources limited

My speculation was based on Klondyke alone. It depends if the...

First 26 Last

Share
Profile

Follow
bastowmichael

521 Posts.

42

26/04/18

08:05

Post #: 32683243
Share

Originally posted by Sweet100 ↑

Hi Bastow I note your requirement of 4,000,000 ounces as the long-term goal and I’ve done some quick calculations over the 60 km of strike at a minimum width of 25 m and depth of 150m at 2.5 tonnes to the meter with a grade of just half a gram (0.5g) per tonne and you’re already at +9,000,000 ounces. We know we’ve got greater width (more like 50m) we know we’re open at depth in excess of 150m, wherever we’ve looked so far and bonanza grades in some places. We haven’t started looking at Marble Bar, or added in any possibility of conglomerate either. So the figure I’ve got in my head and it is only my opinion is between 10 to 15,000,000 ounces long term Time will tell !

Expand

My speculation was based on Klondyke alone. It depends if the metallurgical results are consistent, strip ratios gravity percentages ect in order.

CAI Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
Upvote

1 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

AXP

Tambourah chases gold veins and mineralisation extension with drilling

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

First 26 Last

Add CAI (ASX) to my watchlist

SPONSORED BY