Caledonia Mining Corporation (CMCL)

[NYBob]

Steve Curtis (CEO) - Caledonia Mining aiming for a High Dividend Payout - TipTV -

https://www.youtube.com/watch?v=qORonM3zECc

The video "Steve Curtis (CEO) - Caledonia Mining aiming for a High Dividend Payout - TipTV"
can be viewed on our website at
http://www.caledoniamining.com or

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https://www.facebook.com/Caledonia-Mining-Corporation-1611177709165035 .

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Many Thanks,

Caledonia Mining

Caledonia Mining Corporation (CALVF) Whats there not to like -
2015/16 has been a transformational year for Caledonia mining -

Caledonia are currently completing a $65m expansion and refit at the Blanket mine –

The development changes completed underground was completed in late
March and will begin to flow through to the bottom line in 2016.

Gold production will increase on the back of increased ore tonnage and
grade as ore from No.6 Winze area and the decline into AR South is
increasingly hoisted and processed.

This will reduce cash costs, and increase profits (PBT more than doubled
from 2015) and cash generation will then increase.

2016 is only the beginning

The sinking of the new Central Shaft continues.

Once completed it will transform the economics of the mine as the AR
Main and AR South orebodies can be properly accessed at depth and the
infrastructure capable of taking production over 80koz/a gold.

The Blanket mine (and Caledonia) will then become a producer of scale.

The Essentials are as follows....in USD

1..Shares o/s ............52 million

2.Debt........................$7 million

3.Cash........................$13.3 million

4.2015 production...............42,500 oz

5.2015 AISC........................$950 per oz

6. 2016 forecast production........50,000 oz

7.2016 forecast AISC...................$850 per oz

8..2017 forecast production.........65,000 oz

9 2017 forecast AISC .................$750 per oz

7.Gold Resources,......................1.1 million oz

Dividend..........was just increased to 1.375 US cents per quarter or
about 7 cents per year in cad. Further annual increases are expected

VALUATION

Assuming $1300 POG in 2016 and AISC costs of $850 /oz, will have
operating earnings of about $22 million US on sales of $65 million
US.

In C$, this converts to about $28 million or about $0.53 per share.

Of this, approx 50 % will convert to net earnings of about $0.265 per
share in 2016.

With a strong balance sheet, rapidly increasing production, concomitant
with declining cash costs, and paying an increasing dividend, CAL
should be acorded peer EPS multiples above 15 times for its 2016
forecast production.

Discounted for risk, this amounts to a near term fair value of about $3
per share, with further upside as production increases to 65,000 oz in
2017 and progressively to 80,000 oz per year subsequent to 2017.
by rock07 @ another BB-forum -

Caledonia Mining raises dividend 22% - (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) -

https://www.youtube.com/watch?v=m2G1CYLG7xI

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123590376

#BeYourOwnBank: BREXIT + TRUMP = GOLD! -

https://www.youtube.com/watch?v=xq2NIMKX1WU

call it “G-Day.” -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123347490

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123355747


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122587115


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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -