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Gold/Mining/Energy : Caledonia Mining (CAL T)
CAL 10.55-4.1%12:05 PM EST
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To: Christian Mayer who wrote (29)10/8/1997 1:32:00 AM
From: JOSEPH VON MEISTER   of 58
 
Reasons to buy seem to be: 700,000 plus ounces of Proven gold reserves at all mines. Not including resources, the debt adjusted market value per oz is now roughly $50. zIf that is a fair price, then you get resources and cobalt, copper, and diamonds for free.

JVM

PS- One small problem - they need money and the majors are only likely to provide it under tough terms
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