QE1 was announced on 25-Nov-08 POG Gold was trading around $816. Slightly less than 2-years later -
QE2 was announced with Gold at $1368. The POG was at $1784 on the announcement of Operation Twist on 21-Sep-11. And last week, when the FOMC statement revealed -
QE3, POG Gold was trading at $1732.- -
CALVF POG Gold is already up more than 2% from the QE3 announcement, with the next significant technical hurdle defined by the highs from 29-Feb-12 and 08-Nov-11 at $1790.64 and $1802.89 respectively. Beyond the latter, the all-time high at $1920.74 and the $2000 psychological barrier beckon.
Caledonia Mining CALVF management has got the shares fast UP twice before - to $6 and to $9.-/share - TI makes a top trend line pointing @ $12 and better
history often repeat itself -
note. CALVF SPO $12 would be pretty nice for the management thee got doubly doubloons dough golden dove laying golden eggs nicely in place -
CALVF Management granted share purchase options over ordinary shares of the Company ("Ordinary Shares") to its directors, officers and employees etc. options outstanding to 39,859,000 - equivalent to approximately 7.85% of Caledonia's issued share capital.
Options have been granted exercisable from September 10, 2012 at a exercisable price of $0.09 (Cdn.) per Ordinary Share.
CALVF EPS: $0.04 (earning per share) CALVF - NO DEBT - CALVF lowest cost GOLD producer current appr. Au 50,000 ounces/year - CALVF GOLD production total cost below $600 per ounce - CALVF GOLD production plant only running @ half capacity - CALVF Blanket Gold Mines starting up 3 more Gold Mines with close trucking distance from the main production plant - CALVF holding about $20 million in cash - CALVF NAMA Zambia 800 Sq.Km Copper & Cobalt resource may become one of the largest in the world with current ongoing drilling CALVF Blanket's cash operating costs in the Quarter decreased to US$547 per ounce of gold produced from US$648 in the preceding quarter and US$585 in the comparable quarter. The decrease in cash costs was due to the higher gold production during the Quarter and the non-recurrence of certain costs which temporarily increased the average cost per ounce in the preceding quarter.
CALVF Blanket Gold Mine production in July 2012 was 4,708 ounces.-
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