Calidus Resources (ASX: CAI) - We dance underneath the radar
Matthew Gordon, Ptolemy Capital
Interview with David Reeves, MD of Calidus Resources (ASX: CAI)
Calidus Resources (ASX:CAI) is an ASX-listed gold exploration and development company. Its single focus is on the 1.25Moz Warrawoona Gold Project in the East Pilbara district of the Pilbara Goldfield in Western Australia. A PFS has been completed on the project, and an FS is currently underway. Reeves hopes that next year the company will be in production with a 100,000oz gold per annum gold mine. Calidus Resources is trying to take advantage of such positive gold market conditions. To put this into perspective, since the release of the PFS, the NPV of the project has tripled because of the gold price. The big growth opportunity appears to be a potential re-rate from Calidus entering production.
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