Bob thanks, CALVF Chart TA Alert Golden Cross Start :-)
CALVF -- Queen Sheba Blanket Golden Mines Indicates Au Highest -
Blanket Gold Mine is now one of the Lowest Cost Gold Producers in both Africa and the World, it highlighted -
The Blanket Gold mine production Au 12,918 ounces of the Gold 99.999% yellow Gold Au metal; - Reported in Q3 were produced - - 12 per cent higher than the 11,560 ounces generated in the second quarter -
CALVF meanwhile well, its financial position continued to improve with almost $25 million of cash on hand - its $.05 per share in cash; increased every quarter after taxes -
• Q3 gold production - Au 12,918 oz
• Q3 Cash costs – US$508/oz
• Q3 Operating cash flow (before capex) – C$ 6.8 million – C$18 million 9 months to September 30, 2012
• Q3 normalised EBITDA - $9.8 million – Further improvement on previous 3 quarters -
• CALVF Cash at 30 September 2012 - $24.6 million – Held in US$ and C$ outside Zimbabwe
• Blanket Gold Mine’s future development strategy - Funded using internal resources
• Anticipated 700tpd increase in future ore production
• Work continues at three satellite Gold mines properties: Mascot, GG and Eagle Vulture Gold Mines -
- GG: shaft sinking work has reached 51 metres and will continue down to 120 metres - Mascot: Shaft has been re-accessed down to 120 metres and re-equipped
• Underground development work continues at Eagle Vulture Gold Mine production - - with three more Gold Mines it will soon increase the Gold production to go much higher -
Blanket Gold Mines Gold production delivered to the refinery in October 2012 was 4,479 ounces. Caledonia's financial position continues to improve. With $25 million+ of cash on hand Caledonia has sufficient cash resources to invest in its existing projects and also in potential new opportunities."
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