I do margin the majors to support the juniors - at current its a bargain interest rate - :-) I do compare the juniors to the best junior producer I found -
management history often repeat itself and its nice to ride with the winners :-) -
Caledonia Mining Corporation is a well diversified company -
The Blanket Gold Mine located in Zim have many advantages
CALVF GOLD's low cost of Gold $585.0 per ounce for the production leader - :-)
CALVF's BLANKET GOLD MINE Production Au 40,000 oz/year -
CALVF has some advantages with comparison to USA and Canada - e.g., low taxes; Corporate Income tax at 25% - lower labour cost but a happy work force - Indigenisation program Mugabe talked about for 20 years - but the leading Peoples opposition don't want - year 2015 is a deadline - self declared king pin Mugabe 88yrs old is sadly in serious cancer sickness - Blanket Gold Mines Project - the capacity of the secondary and tertiary crushers was increased to over 2,000 tpd and the capacity of the rod mills was increased to 1,800 tpd. The product from the regrind mill is pumped into a carbon in leach ("CIL") plant consisting of eight, 600 cubic meter leach tanks equipped with 45 kW agitators where leaching at 50% solids and simultaneous adsorption of dissolved gold onto activated carbon takes place. The CIL plant has a design capacity of 3,800 tonnes of milled ore per day. Elution of the gold from the loaded carbon and electro winning is done on site. Gold is deposited onto wire wool cathodes, the loaded cathodes are acid-digested and the resultant gold solids are smelted to produce gold bullion of approximately 90% purity, prior to Blanket exporting it directly to Rand Refinery in South Africa for final refining and sale. The full proceeds of sale (i.e. before payment of any royalty) are paid to Blanket's foreign currency account with a commercial bank within approximately 7 days of receipt of the gold by Rand Refineries. http://www.caledoniamining.com/blanket3test2.php
thanks for all opinion fyi........ more opinions & a board mark is very much appreciated - thanks in advance .... Ex. by a shareholder - I like the fact that they have $10 mln in cash, ZERO long-term debt, a P/E of 3.6, significant increases in their production estimates for 2012, and a share price equal to book value. They made as much money as United States Silver last year and only have a market cap of $45 mln compared to $110 mln for USSIF. They will more than double their sales in 2012 giving them a forward P/E of about 1.8! Whoopee! by USSilverBug
CALVF NAMA Konkola Neigbor Konkola Copper Mines unit in the Copperbelt, Zambia - one of the Richest Copper Belts in the World -
has inaugurated a new US$100 million concentrator at its Nchanga open cut Vedata copper mine -
The copper cathode - REC brand is a Grade A from the refinery at Nkana and is listed on the London Metal Exchange.
The KBC product is a Grade A product from the Tailings Leach Plant tank houses in Chingola, undergoing LME registration.KCM's copper cathodes from the Nchanga smelter and produced from the Nkana refinery have a purity level of 99.99 per cent copper. These cathodes meet international quality standards and are registered as "REC" ("A" Grade) on the London Metal Exchange ("LME"). Konkola Copper Mines KCM also produces a Kabundi copper cathode, which is marketed as "KBC" from its TLP at Nchanga and is in the process of being registered with the LME.
Cobalt -
With the commissioning of KCM's new Nchanga smelter, KCM Konkola Copper Mines is able to recover cobalt in copper concentrates. This cobalt, which is produced in the form of a copper-cobalt alloy, is marketed to cobalt processing plants. In addition to cobalt alloy, the Company produces cobalt. Cobalt concentrate is derived from cobalt ore that is mined at Konkola Copper Mines KCM's Nchanga Open-Pit Cut II operations.
Caledonia reveals exciting new aspect at Nama project - 12 March 2012 | 10:00am StockMarketWire.com -
Caledonia Mining has revealed a new and very exciting aspect to the Nama copper/cobalt project in Zambia.
It said the latest drilling results differed markedly in mineralisation style to other properties in the region in that the zone.
It says this zone of mineralisation occurs at relatively shallow depth relative to the depth of the ore shale in the area and possibly extends to surface.
Chief executive and president Stefan Hayden said: "A sufficiently large, near-surface resource depth may therefore provide the basis for a future open-pit mining operation.
"The 2012 exploration programme will commence as soon as the rains and ground condition allow during the second quarter.
"The results should allow us to confirm and further refine our model of Nama's geology and copper resources potential."
Caledonia has sufficient cash to complete the 2012 exploration programme and intends to manage its cash resources so that it can undertake further work at Nama without raising new equity.
dd..... Caledonia Mining's Blanket Gold Mine producing Gold 40,000oz/year - target Au 100,000 ounces - low production cost Gold @ Au $521/oz - NO DEBT - owns many great old gold mines workings to expand to and re-commission - dd....CALVF Gold Mine producer bargain play - with many massive Gold fields to reactivate -
Caledonia Mining quarterly output rises 4% By Ian Lyall October 07 2013, 7:59am
Caledonia Mining Corporation (CALVF, LON:CMCL, TSE:CAL) saw production grow by almost 4% quarter-on-quarter in the three months to September 30.
Output from its Blanket Mine in Zimbabwe was 12,042 ounces of the precious metal compared with 11,588 ounces in Q2.
Production for the nine months was 34,103 ounces, a 1.4% improvement on the same period last year.
Management has said previously Blanket is on course to produce around 44,000 ounces in 2013, which would be 10% higher than the previous guidance of 40,000 ounces. Monday’s update suggests it will meet the revised target.
Goldcorp has a long bull hike back UP to the top -
the LT long term top trend line sitting way above $150/sh - + it gives good dividend -
Goldcorp forecasts 20 pct increase in 2015 output, lower costs - Mon Jan 12, 2015 5:59pm EST Jan 12 (Reuters) -
Goldcorp Inc said on Monday it produced 886,000 ounces of gold in the fourth quarter and forecast that output in 2015 will increase by approximately 20 percent to between 3.3 million and 3.6 million ounces of gold.
Goldcorp, the world's biggest gold producer by market value, said all-in sustaining costs were $1,045 in the fourth quarter. It forecast 2015 all-in sustaining costs of between $875 and $950 an ounce. (Reporting by Nicole Mordant in Vancouver -
Yes, its a safety heaven with a big production increase and under 1000$ AISC is impressive - this will be up nicely - ex.... http://www.porcupinegoldmines.ca/en/
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