Caledonia Mining Corp. well. I have held it many years :-)
have seen CAL / CALVF go from pennies and to above $6 twice before -
CAL has a top trend line up at the top -- it be no surprise this time to me this 3rd time :-) if we hit it again :-)
btw. thanks, keep do the dd.... :-) FYI. CALVF short snippet;
With production growth now being realised its good potential for the company to regain traction in the market.
Caledonia is self-funding, which is a novelty in the junior mining sector. And this is crucial because the group has some ambitious plans and aims to be producing 100,000 ounces of gold a year...
Before it can do this it needs to increase its reserves and resources, which at the anticipated production rate gives Blanket at least a 13-year mine life.
It is currently sinking one new shaft and rehabilitating three others on two of its highly prospective brown-field satellite zones – GG, which is seven kilometres from Blanket’s metallurgical plant, and the Mascot Project Area, which is 42 kilometres away.
Caledonia also isn’t ignoring the potential of the Blanket Mine footprint itself.
It is developing the 22-Level Haulage, which is essentially a horizontal tunnel 750m below surface that will provide access for further exploration of the up-dip and down-dip extensions of the mine’s known main ore bodies above and below this depth.
This is a much faster and cheaper approach to exploration than drilling all the way from surface.
Any incremental ore produced from Blanket and its satellite properties could be immediately processed without any requirement for new investment in its existing metallurgical plant, due to the substantial surplus capacity.
This busy round of resource development activity should lead to a revised43-101 compliant resource statement. Caledonia has set aside US$4 million for exploration at Blanket this year and early next.
The company’s Nama mining licences in Zambia’s copperbelt shouldn’t be ignored in all of this for they are a potentially huge value driver.
Caledonia has a large scale, long-termmining licencescovering approximately 800 square kilometres in one of the world’s premier locations for both cobalt and conventional copper-belt type mineralisation.
In fact one of those mining licence areas borders onto the world class Konnococopper property being developed jointly by Brazilian giant Vale and African Rainbow Minerals, a South African mining company, and is currently capitalised at around US$4billion.
They are currently investing a massive US$400 million in their neighboring Konkola North Copper Mine and expect to be in production by 2013.
In terms of this type of copper mineralisation, Caledonia’s immediate plans are more modest by comparison. It is initially drilling four holes on its Konkola East target at a cost of US$1.3m.
Subject to the drilling results and board approval, a second programme will be focused either on defining this target to a 43-101 compliant stage or an initial program of holes on its second copper-belt target, Kafwira, which lies about 20 kilometres northwest of the Konkola East target.
However,the company won’t be drawn any further on this aggressive exploration plan until the results of these holes are known. An update should come in the summer when the initial holes are drilled.
The activity on Nama’s copper potential does not, however, detract from the ongoing research and development into a viable treatment process for the cobalt-copper ores already defined on this licence area.
Caledonia has regional exploration upside in Zimbabwe and has commenced drilling at its Nama base metals project in Zambia. This exploration and production upside is in for free at the current share price...
Canada set to announce new trade promotion agreements with Cameroon, Zambia PAV JORDAN - MINING REPORTER The Globe and Mail Last updated Sunday, Mar. 03 2013, 8:09 PM EST
Copper price hits eight month high, China buying again Friday, August 09, 2013 by Proactive Investors
Copper price hits eight month high, China buying again Copper hit an eight month as China's copper imports rose for the third straight month in July, growing 8.1 percent to a 14-month high.
The strong figure was a surprise to some traders who had expected fewer shipments due to weak seasonal demand in the domestic market.
High imports from the world's top consumer of copper could support prices in the international market, which have fallen about 10 percent so far this year.
China's copper imports rose for the third straight month in July, growing 8.1 percent to a 14-month high, helped by demand for the metal as collateral for financing and the arrival of shipments from earlier orders.
The strong figure was a surprise to some traders who had expected fewer shipments due to weak seasonal demand in the domestic market.
High imports from the world's top consumer of copper could support prices in the international market, which have fallen about 10 percent so far this year.
Copper futures for delivery in September rose 3.1 percent to settle
at $3.2705 a pound.
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