Short Term Trading Week Starting: 18 Feb, page-78

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Batmansdaughter

79 Posts.

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19/02/19

21:55

Post #: 37491380
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Originally posted by MajorJohnny: ↑

CAI Calidus Resources presented today at the RUI Explorers Conference

News Flow seems to have been missed by the market , sellers today under 3 cents cancelled most orders .

1.25 Moz resource at 1.83 g/t Au including 1.1Moz at 2.37g/t
• 795,000oz of Indicated Resources (64%)
• 203% increase in resource since listing June 2017 (412,000oz)
• Fully funded Pre-feasibility Study (PFS) commenced, completion due Q3 2019
• PFS will enable rapid transition to Definitive Feasibility Study (DFS)
• Environmental monitoring well advanced, applications for permits to be submitted Q3 2019
• Significant exploration upside both adjacent to existing resources and in greenfields areas on 781 km2tenement package being targeted in 2019

WELLFUNDED
• Cash reserves of $3.9m
• Investment in PactonGold (TSX: PAC) valued at $2.9m1
• 2.5c exercisable options to raise $2.2m due June 2019

TIGHTLY HELD SHARE REGISTER
Top 20 hold 70 %

Critical mass for a standalone development achieved
• High grade open pit outcropping resource
• Excellent metallurgy
• Experienced mine development team
• Fully funded through to Pre-feasibility Study completion
•Located in close proximity to high quality infrastructure and operating mines
•Greenfields exploration has significant potential for new discoveries given lack of modern or systematic exploration •Uniquely positioned as one of few remaining high grade open-pit gold development companies on the ASX

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Major Johnny

do you know what CAI were doing back when they were priced over $5, or was it a different company then and now irrelevant?

Present gold stats looks ok.

XAO Value at posting: 6,184.2
2 Upvote

0 Great analysis

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Short Term Trading Week Starting: 18 Feb, page-78

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Short Term Trading Week Starting: 18 Feb, page-78

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