RE: KRS stake in Calidus17 Dec 2017 10:41
Sanar,
You were correct also in your % of KRS stake in CAI.
Depending on the % increase in the Gold resource from current JORC 410k, will have to see where CAI share price ends next week. Upgraded resource of just +1m oz suggest 150% increase in CAI price valuing KRS stake @ 1.2p share based on our 470m CAI shares @ 10c.
Assumption used: current 410k JORC values CAI @ 4c a share.
Let's wait and see what ASX values CAI shares at after the 'Resource Upgrade'.
ATB and GLA