viewCalidus Resources Ltd

Coffee with Samso: The next gold miner in the Pilbara Goldfields

Calidus Resources is set to become a gold producer through the Warrawoona Gold Project in an area of the Pilbara that has been attracting strong interest for its gold.

Calidus Resources Ltd - Coffee with Samso: The next gold miner in the Pilbara Goldfields
Samso chats with Calidus Resources managing director David Reeves

The year 2020 is turning out to be the best year for mineral resource companies, especially here on the Australian Stock Exchange (ASX). Everything is running and to those uninitiated in this cut-throat sector, I strongly recommend a strong dose of DYOR (do your own research).

I have seen many projects in my geological life and it is in these times that companies that have strong fundamentals need to be noticed.

Why CAI is undervalued

Calidus Resources Ltd (ASX:CAI) in my opinion deserves some attention. I have liked this story as they have been on the edge of making that leap into production for a while now.

The recent gold price movement upwards has given the company all the positive reasons to take the leap of faith and move into the production cycle.

In this episode of Coffee with Samso, David Reeves shares with us the progress on the Warrawoona Gold Project.

We talked about why CAI is undervalued and the re-rating of the stock value in the coming months. The inevitable first gold pour will stamp this company as a fundamental story for eager investors.

About Calidus Resources Ltd

Calidus Resources Ltd is an ASX-listed gold exploration and development company which controls the 1.25-million-ounce Warrawoona Gold Project in the East Pilbara district of the Pilbara Goldfield in Western Australia.

The directors believe that the recent consolidation of this goldfield will transform the company into a new Australian gold development company with significant potential to unlock further resources and new discoveries within the emerging gold belt of the Pilbara Goldfields district, which is a historically proven gold mining region.        

About David Reeves

David Reeves is a Perth-based, qualified mining engineer with 30 years of experience in the mining industry and who is also currently a director of Keras Resources PLC (LON:KRS). He was managing director of Keras when it consolidated the Calidus project area and has over 20 years of experience in gold and precious metal development.

Reeves has extensive experience in international capital markets through his involvement with various listed London and Australian companies.

He has a first-class WA Mine Managers ticket and a Graduate Diploma in Finance and Investment.

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For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au

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Samso has nearly 30 years of experience in developing business ideas and concepts in the Australasian region.
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Samso and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. The information provided is general in nature, not financial product advice, see a financial expert before making any investment decision. Your personal objectives, financial situation or needs have not been taken into consideration. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. Samso or an associate may receive a commission for funds raised.

Quick facts: Calidus Resources Ltd

Price: 0.545 AUD

Market: ASX
Market Cap: $146.7 m

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