CALRF(CALRF)

$0.09—Stale · unknown old

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CALRF(CALRF)

OTC • Last print unknown ago

$0.09—Stale · unknown old

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CALRF(CALRF)

CALRF

9/18/26

Calidus Resources (CALRF)

Friday

9:00 PM

ThesisRecent operational improvements and favorable gold price forecasts are shifting investor sentiment positively towards Calidus Resources.

Revenue Outlook

Metric	FY2023	FY2024E	FY2025E
Revenue	$81M	$108M	$111M
Rev. Growth	—	+34.1%	+2.9%
EPS	$-0.01	$-0.01	$0.03
EPS Growth	+54.6%	-0.8%	+403%
P/E (fwd)	—	—	3.0×

★ Analysts see FY2024 revenue reaching $108M — +34.1% growth in a single year.

Why Revenue Could Explode

01Recent drilling results at Warrawoona indicate a potential 20% increase in resource estimates, enhancing the project's value.
02Operational efficiencies have led to a 15% reduction in cash costs per ounce, improving margins significantly.
03Gold price forecasts suggest a potential rise to $2,200 per ounce, driven by inflation concerns and geopolitical tensions.
04A strategic partnership with a larger mining company could provide access to additional resources and capital.
05Gold as a hedge against inflation
06Sustainable mining practices gaining traction
07Gold price fluctuations, particularly in response to macroeconomic indicators
08Operational progress at the Warrawoona Gold Project, including production milestones

FY2023 Snapshot

Revenue: $81M
Gross Margin: 8.8%
Op. Margin: -0.4%
Net Margin: -7.5%
Net Income: $-6M
NI Growth: +31.1%
EPS: $-0.01
1Y Return: +0.0%

CALRF Chart

My Notes

"Management noted, 'Our recent drilling results and cost efficiencies position us well for future growth in a favorable gold market.'"
Moat: Calidus has a moderate moat due to its strategic asset location and potential for low-cost production.
growth - Investors looking for exposure to gold mining with potential for significant upside from production growth and exploration success.
Higher interest rates can negatively affect gold prices as they increase the opportunity cost of holding non-yielding assets…
Watch on earnings: Gold spot price (GCUSD), Production costs per ounce, Exploration success rates.

One Sentence Summary:

The bull case is simple: analysts see revenue climbing from $108M to $111M as recent drilling results at warrawoona indicate a potential 20% increase in resource estimates.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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Metric

FY2023

FY2024E

FY2025E

—

P/E (fwd)

—

3.0×

Why Revenue Could Explode

01Recent drilling results at Warrawoona indicate a potential 20% increase in resource estimates, enhancing the project's value.

02Operational efficiencies have led to a 15% reduction in cash costs per ounce, improving margins significantly.

03Gold price forecasts suggest a potential rise to $2,200 per ounce, driven by inflation concerns and geopolitical tensions.

04A strategic partnership with a larger mining company could provide access to additional resources and capital.

05Gold as a hedge against inflation

06Sustainable mining practices gaining traction

07Gold price fluctuations, particularly in response to macroeconomic indicators

08Operational progress at the Warrawoona Gold Project, including production milestones

My Notes

"Management noted, 'Our recent drilling results and cost efficiencies position us well for future growth in a favorable gold market.'"

Moat: Calidus has a moderate moat due to its strategic asset location and potential for low-cost production.

growth - Investors looking for exposure to gold mining with potential for significant upside from production growth and exploration success.

Higher interest rates can negatively affect gold prices as they increase the opportunity cost of holding non-yielding assets…

Watch on earnings: Gold spot price (GCUSD), Production costs per ounce, Exploration success rates.