Good to hear a fresh interview with Stefan Hayden.
A few notes I found of interest:
1 - Should start ordering plant equipment for Nama in March (just over a month from now!), from Chinese companies
2 - Power should not be a problem for Nama, despite some recent issues in Zambia which Hayden believes are now resolved.
3 - Negotiating right now with a man to be CEO of Caledonia-Nama.
4 - Blanket, despite the incredible hassles in Zim, remains profitable.
5 - The platinum project - he pointed people to the 43-101 at the Web site, but put the focus back on Nama.
6 - 2-3 years from now Stefan expects Caledonia "to be a much larger company" and to be producing "at least 10,000 tonnes of cobalt per year."
7 - Agreed that the market incorrectly sees CALVF as a gold company, but stressed that we are, instead, a primary cobalt company (making us unique), with some secondary copper output.
8 - Says the company, in his opinion, is "considerably undervalued."
Hayden is not a scintillating speaker by any stretch... but in the end all we care is whether he's a good cobalt miner, and it looks and sounds like he's off and running at that.
Go CALVF!
by TenneBob at another BB-CALVF forum
CALVF Wall Street Reporter Interview > >
Caledonia Mining Corporation
Caledonia Mining Corporation
OTCBB: CALVF
TSX: CAL
AIM: CMCL
Sector: Mining and Metals
Industry: Mining
Interview With:
Stefan Hayden
President and CEO
wallstreetreporter.com
tinyurl.com
Dated February 01, 2008
siliconinvestor.com
Caledonia's cobalt property is called the Nama Cobalt Project.
Also in 2006/2007 a # 1 Technical Report,
compliant with NI 43–101 -
was prepared for Anomaly A at Nama -
by Mr. David Grant, C.Geol., FGS, Pr.Sci.Nat.,
an independent consultant who is the
"Independent Qualified Person" for Nama’s resources
as required by National Instrument 43–101 of
the Canadian Securities Administrators.
The NI-43-101 technical report concluded that the combined
Indicated Resource for Anomalies A and C at Nama is
estimated as 121,874,000 tonnes with a weighted average
grade of 0.047% Co and 0.043% Cu.
The Nickle portion is approximately 0.015%.
This is only one of Caledonia's many properties.
This property alone has an
estimated resource of
114,561,560 lbs of cobalt -
104,811,640 lbs of copper -
and 36,562,200 lbs of nickel -
At today's prices of $46.25/lb for cobalt -
$3.27/lb for copper -
and $13.26/lb for nickel -
this is a total value of $6,126,020,985 U.S. dollars -
(only a small area had the shallow exploration work done of
this large property of the Zambian rich Copperbelt -
much more explorations will continue and many more
Anomaly outlined - to be explored)
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caledoniamining.com
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siliconinvestor.com |
