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CAI, Calidus Resources
nipper
post Posted: Jan 7 2021, 08:25 PM
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Posts: 7,917
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In Reply To: nipper's post @ Jan 7 2021, 07:57 PM

assuming gold at A$2500

EBITDA of $110M pa
... Post Tax Project Free Cashflow of $447M
Post Tax IRR of 69%
Post Tax NPV $286M
Payback 13 months
Improved economics post budget COVID tax initiatives
Carry forward tax losses of $42m (estimated) by 31 Dec 2020



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 7 2021, 07:57 PM
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Posts: 7,917
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jacsar mentioned Calidus.

Been around since 2017 ---Calidus Resources Limted (CAI) is a gold exploration company that controls the Warrawoona Gold Project in the East Pilbara district of the Pilbara Goldfield in Western Australia. Got a few other Pilbara exploration tenements (Klondyke, Otways, Blue Spec; all within 50Km of Warrawoona)..

. WARRAWOONA GOLD PROJECT
...... ON THE PATH TO GOLD PRODUCTION IN WESTERN AUSTRALIA (first gold poured 2021/22)

MAIDEN MEASURED MINERAL RESOURCE
Measured -12.5m by 12.5m drilling
Indicated Resource - 25m by 25m drilling
Large (10m x 2.5m by 2.5m) LUC model -includes significant dilution due to block size

Resource open at depth and along strike

Ore Reserves of 14.3Mt @ 1.2g/t for 547koz
Wide (up to 35m) ore zones
Detailed drilling shows higher grades than wider spaced drilling
Strip ratio of 3.6 @ 0.3g/t cutoff 4.8 at 0.5g/t cutoff

Schedule feeds plus 0.5g/t cut-off results in 1.2 g/t open pit feed grade for initial 5.5yr

  • .. DFS highlights production of 90koz pa at LOM AISC $1,290/oz over an initial 8-year mine life
  • .. On track to commence main construction in Q12021
  • .. Dual strategy of project development and aggressive exploration
Total Pre-Production Capital $120m
CASH (30 Sept 2020) $26M
DEBT FACILITY AVAILABLE $110M




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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