The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://investi.com.au/api/announcements/cai/af05e130-7e1.pdf
Perhaps Jim, but believe me, I’ve made a few wrong choices in the past too.
I really hope this eventually comes good for you guys.
At least the LTH’s have the ‘free’ Calidus shares in the bank.
https://themarketherald.com.au/calidus-resources-asxcai-begins-mining-at-warrawoona-2021-08-16/
Apologies to all none Calidus holders.
https://m.youtube.com/watch?v=wSJf1AUwfOE&feature=youtu.be
Watch this guys, it’s a bit of a…blast
https://www.linkedin.com/posts/dean-vallve-b57b7013a_gold-mining-pilbara-activity-6821596629494321152-s3ub
Yes, looking good. Managed to get a fair few more at sub 0.40 and bought more yesterday.
Seems it’s turned the corner.
Mind you when I buy, everybody takes cover and awaits the SP slump :-/
Let’s hope this time I timed it correctly.
GLA
Hi Diggit, I was with A J Bell and it was £10K minimum trade for buying. However, Interactive Investor don’t have a minimum trade amount and so I moved to them.
Also you can buy/sell online live with II, whereas it was done overnight by A J Bell and so you didn’t know until next morning what trade price you’d achieved.
...The Market Herald
Starts 40 seconds in.....
https://tinyurl.com/429xczeu
• Study shows that mining at the Blue Spec Project located 70km from Warrawoona will increase the Warrawoona project’s production rates and cashflow significantly for little additional capital expenditure
• Life-of-Mine update forecasts that inclusion of Blue Spec will increase average gold production by 22% to 110,000ozpa for the first seven years
• Production will peak at 139,000ozpa versus the 105,000ozpa contained in the Feasibility Study1
• Total Warrawoona gold production will increase by 23% to 807,000oz over an eight-year mine life versus the 658,000oz contained in the Feasibility Study (FS)
• Inclusion of Blue Spec will have the following impact on Project Economics (based on the recently executed hedge price of $2,355/oz):
? Pre-tax cashflow2 increases by $126M to $662M, NPV8% is $423M, IRR is 74%
? Post-tax cashflow2 increases by $92M (comparison to FS at $2,355/oz gold price) to
$472M, NPV8% is $302M and IRR is 65%
? Life of Mine All-In Sustaining Costs (AISC) of $1,292/oz
• Blue Spec will be treated through the sulphide circuit at Warrawoona defined in the Feasibility Study (separate to the main 2.4Mtpa CIL processing plant) with additional capital expenditure of $1.5M to increase throughput from 100,000tpa to 150,000tpa
• Development of Blue Spec and the sulphide circuit to be funded from operational cash flow
• Completion of the Feasibility Study for Blue Spec and updated Resource and Reserve
estimate planned for H1 CY2022.
• Blue Spec deposits remain open at depth with high-grade intersects outside of the current Resource
• Revised acquisition terms agreed with Novo Resources to complete the 100% purchase of Blue Spec via the payment of $5M cash and issue of 13.3m shares
• Blue Spec is an example of Calidus’ growth strategy to leverage the Warrawoona infrastructure to increase production and mine life from the incorporation of satellite deposits
Looks like Dave has played another blinder....
https://investi.com.au/api/announcements/cai/d3de6bd7-20f.pdf
...Australian Energy & Minerals Investors Conference....
https://tinyurl.com/tjk985x7
Listen carefully around 10 mins 30 sec when he gets excited about Blue Spec.
You heard it from me first! (actually that’s a lie, I nicked it off Cazz on the Hot Copper BB).
Last chance saloon to buy some more folks (was that a subtle ramp?)....
‘Today’s interest though is in Calidus (CAI), which will be producing gold well before De Grey – or its new owner – gets Hemi to the starting stalls.
Like all other gold stocks, Calidus got knocked about by gold’s retreat only to pop back on to the radar because of the appeal of near-term production at an Aussie gold price that is still good for $1000/oz plus margins.
There are others involved in bringing that golden hue to the Pilbara in the near term – Capricorn (CMM) with its Karlawinda project south-east of Newman, and Canada’s Novo Resources, with its just-returned-to-production Nullagine project south-east of Marble Bar.
But there is particular interest today in Calidus (trading at 43.5c for a market cap of $150 million) because a diary entry suggests the deal in which it picks up the high-grade Blue Spec deposit (219,000 grading 16.3g/t) from Novo is about due for completion.
The pick-up and Blue Spec’s integration into Calidus’ under-development Warrawoona gold project some 70km to north is set to prompt a significant re-rating.
On Blue Ocean Equities figures, Blue Spec has the potential to add 30,000-50,000 annual ounces at an AISC of less than $A1,200 to Warrawoona, already down as a 90,000/oz (higher in early years) annual producer at an AISC of $A1,290/oz over an initial mine life of eight years.
The fully-funded development of Warrawoona is already in full flight, with first production in the first half of next year. What is already a robust project becomes even more so with the incorporation of Blue Spec.
Compare the metrics of Warrawoona with other project developers in the Pilbara and elsewhere and there is a case for Calidus to think its market cap is underdone. That is even more so when the impact of the Blue Spec sweetener is added in.
Another point to remember is that unlike the Eastern goldfields, the Pilbara is not blessed with treatment plants.
That has meant small but sweet shows like Blue Spec have been stranded. So there is good reason to think Blue Spec will be the first of many additions for Calidus at Warrawoona.
A sort of build it and they will come thematic if you like, remembering that Warrawoona has more to give than the initial eight-year mine life suggests, both from the existing resource (1.5 million ounces) and what comes from more exploration.’