Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonia Mining Is, Once Again, Too Cheap To Ignore -

http://seekingalpha.com/article/2727365-caledonia-mining-is-once-again-too-cheap-to-ignore

Dec. 3, 2014 10:13 AM ET | About: Caledonia Mining Corp. (CALVF)
Subscribers to SA PRO had an early look at this article. Learn more about PRO »
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in CALVF over the next 72 hours. (More...)
Summary

Caledonia Mining is once again cheap, as it trades at a 20% premium to its working capital in spite of its consistent profitability in the face of low gold prices.
The company just introduced an expansion plan for its Blanket Mine that will dramatically increase production using capital the company already has.
Even if we ascribe a low valuation to future cash-flow given that it comes from Zimbabwe shares have meaningful upside from here at $1,140/oz. gold--the low for the recent move.

An Overview of Caledonia Mining -

http://seekingalpha.com/article/2727365-caledonia-mining-is-once-again-too-cheap-to-ignore

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


God Bless