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David Reeves - Calidus Resources (ASX: CAI)
Manage episode 363396775 series 3460568
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Calidus Resources may be a young gold producer. But the Company has already had a few ups and downs in its short life. As Managing Director Dave Reeves explains, the share price soared through $1 as Calidus built its Warrawoona gold project in the Pilbara on time and on budget. But a perfect storm, including covid, a lack of water and a falling gold price hit as commissioning got underway, taking the price down to around 20c. But Reeves says these challenges have been overcome. Production is rising, the company is making money, there is plenty of growth to come and the gold price is looking very strong. Plus, Calidus is eyeing a spin-off of its WA lithium assets. All this prompts Reeves to describe Calidus as the most under-valued gold stock on the ASX.
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