Caledonia Mining Corporation (CMCL)

[NYBob]

Blanket Gold Mines target production rate of 100,000 oz per annum
within 5 years has been set as a goal to be achieved following
the above exploration programme, although the achievement of
this goal will depend on the outcome of exploration....

Target was set years ago and cost of it paid for
by Kinross,
Falconbridge etc. in $100mil that's why
the Gold mill & processing plants infrastructure with
the Blanket plants have the extra capacity
with more info about it here below link....

A target production rate of 100,000 oz per annum within 5 years has been set....
http://www.caledoniamining.com/blanket4test2.php

Note.
Mugabe hunted out Kinross -
CALVF making Great Golden Harvest
Higher risk - Higher Profit



In Q3,12, the Blanket Mine produced 12,918oz of gold,
12% higher than in Q212 (11,560oz) at
cash costs of US$508/oz,
7% lower than Q212 (US$547/oz).

Indeed this was the Blanket’s highest quarterly production rate
since opening in 1906.

Net cash flow from operations (before capex) was
C$12.4m (vs C$8.6m in Q212).





bottom lines....
On certain of its properties, Blanket has already entered into
tribute agreements with indigenous, small-scale miners.
The tribute agreements provide for Blanket to receive a royalty
in respect of any production from the relevant properties.
Tribute agreements also allow Blanket full visibility of the
results of any exploration and mining activities that are
undertaken on the properties by the tributee.
God Bless