CDV 0.00% $1.08 cardinal resources limited

Ann: Cardinal Namdini Pre-Feasibility Study 4.76 Moz Ore Reserve, page-13

  1. 2,011 Posts.
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    I am here...still digesting the numbers...I wouldn't call it fantastic.

    Trying to figure out how we have ended up with such a low grade reserve and how the heck they believe they will operate at such a low cost high margin with an 84% gold recovery.....I am guessing it is the reason for the high volume throughput.

    Only positive I have read so far is at least it is at spot price and hence it has upside potential.

    Not much of a share price reaction and hence I am guessing like me the market doesnt believe the op.cost projections.

    Time will tell....but certainly not fantastic.....I will have a better read over the next couple of days.
 
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