Caledonia Mining Corporation (CMCL)

[NYBob]

CALVF Management believes the resources contained in the D1
indicated and inferred blocks of resource body "D",
on their own, are considered, subject to the completion
of satisfactory metallurgical test work, to be sufficient
to fulfill a three year period of mining and production
in terms of the existing five year off-take contracts
for over 10,000 tonnes of cobalt metal per annum.
Some of the resource bodies comprising the "D" resource,
as defined by the report, remain open-ended on strike and/or
down dip.

Caledonia's Nama Project
is located on the northwestern flank of the Zambian Copperbelt,
and covers a number of polymetallic oxide deposits containing
cobalt, copper and nickel.

In total 17 cobalt anomalies have been identified in
the Nama Project area, of which five have been explored
to varying extents, and three of which are now described
as resource bodies with NI 43-101 compliant resources.

CALVF The Nama Cobalt Project in Zambia -
A World Class Deposit -



Approval of the Environmental Impact Statement ("EIS")
covering the proposed two alternative routes for
Nama power supply and for the new access road has been
received from the Environmental Council of Zambia ("ECZ").
An EIS for the planned mining and metallurgical plant
operations, covering resource bodies "A", "C" and "D",
has been completed and submitted to the ECZ for approval.

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CALVF's Blanket Gold Mines commenced the production ramp-up to
the targeted annualized rate of 60,000 ounces of gold
by the end of 2011
Do some DD....please, click on below link -

http://www.caledoniamining.com/pdfs/CALPres05262011.pdf

http://www.caledoniamining.com/pdfs/CALPres05192011.pdf

http://www.caledoniamining.com/blanket2test2.php

CALVF:US - Profitable Gold Miner!
(CALVF:US)(AIM,LONDON:CMCL)(TSE:CAL)

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The last time the US defaulted (and blamed the printer)
As America’s politicians battle over the government’s debt ceiling,
the US Treasury is thundering that a failure to raise the limit
puts the nation on course to “default on its legal obligations –
an unprecedented event in American history”.
Alarming, but not quite correct.

http://www.telegraph.co.uk/finance/economics/8639896/The-last-time-the-US-defaulted-and-blamed-the-printer.html

- it was in 1979 and GOLD increased to $875 per ounce -
- with the fed interest rates which also went high -

- history often repeat itself -

- As gold charged to new all-time highs this week, Fed chairman
Bernanke was asked if he thought gold was money.
He paused for a moment and then simply responded "No."
During testimony on Wednesday before the House Financial Services
Committee, Mr. Bernanke admitted that he does follow the gold
market, but he does not believe that the yellow metal is money,
despite 6,000 years of history that suggests otherwise.

Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011

This line of questioning came from Rep Ron Paul of Texas,
who has been a pretty consistent thorn in the side of
the Fed throughout his tenure in Congress.
Chairman Bernanke tried unsuccessfully to suppress a smile
when it was acknowledged that Mr. Paul would not be seeking
reelection to Congress and will instead focus on his run
for the Presidency.
If the Fed thinks that Paul is an irritant as a Congressman,
I wouldn't imagine Bernanke would be smiling much if
Ron Paul were successful in his bid to be President.

Mr. Paul points out that over the last 3-years, the Federal
government and the Fed injected more than $5 trillion into
the economy with very little to show for it:
Real GDP growth is below 1%, unemployment remains stubbornly
high and despite official statistics that suggest inflation
remains in check, Mr. Paul gives a little shout-out to Shadow
Government Statistics which continues to calculate CPI by the
old method.
The SGS Alternate CPI presents a considerably different
picture of inflation, which might prompt one to argue
that the Fed is failing to fulfill its price stability mandate.



Paul observes that most of that borrowed $5 trillion went to
bailing out banks and buying bad assets, so I guess its really
not much of a surprise that the impact on the real economy —
which is driven by consumption — has been quite muted.
Paul suggests we might have been better served giving $17,000
to ever person in the United States, "It couldn't have worked
any worse." This exchange is even more disturbing within the
context of the debt ceiling debate and in light of Mr. Bernanke's
recent hints that another round of quantitative easing might
be necessary.
According to Albert Einstein, the definition of insanity
is "doing the same thing over and over again and expecting
different results."

As the dollar tumbled back into its range yesterday and gold
surged — driven by Bernanke's testimony about a possible QE3,
ongoing debt troubles in Europe and heightened concerns about
a potential US downgrade —
I thought back to the question at hand: Is gold money?
It certainly makes more sense in my mind than declaring by fiat
that a piece of paper with a picture of a President on it is
money.
That piece of paper is simultaneously a liability on the balance
sheet of the issuing country.
Meanwhile, physical gold held in ones possession has
no liability; no counterparty risk.

History is rife with examples of fiat currencies printed and
devalued away to near-worthlessness. Not true of gold.
In fact, gold has an inverse correlation with devaluing currency.
Isn't a reliable store of value what one would want in their
money?
So whether Chairman Bernanke believes gold is money or not,
a growing number of prudent individual savers, institutions
and sovereign nations are viewing it as such — or at least as
an effective hedge against the dilution of paper money.
In America the dilution of the dollar is being driven largely
by the loose policies of Mr. Bernanke's Fed.

If they do opt to try something different the next time around
and give each of us $17,000, I think I would run out and buy
$17,000 worth of gold immediately. And I bet I wouldn't be alone.
by P. Grant

I would prefer to put my money into -

CALVF is a Gold Mine Au a base metal bargain play
God Bless