Caledonia Mining Corporation (CMCL)

[Kentucky123]

I find it interesting that Edison on page 11 projects the average gold price for 2018 at $1220 per ounce. There earnings per share is $1.47 and assuming a PE of 6 that would be around $9.00 per share. If that is the case then most gold and silver stocks are going nowhere. The dividend should be increased by the end of next year because of the lower capital requirements.
I saw a chart of the gold price from the 1970's overlaid on the chart from 2000 and it is eye opening. What it shows is another 20 years of low volatility.