Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Caledonia Mining (CAL T) -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (47)	3/21/2007 1:56:38 PM
From: NYBob1	Read Replies (1) \| Respond to of 58

Nama copper-cobalt-nickel project in Zambia: Caledonia Mining Source: Edited Press Release Caledonia Mining Monday announces the filing of an Independent Technical Report for the Anomaly "A" area of the Nama Cobalt and Copper Project. The NI 43-101 report concluded that Anomaly "A" of the Nama Project has a potentially economic resource of cobalt and copper with lesser quantities of nickel down to a depth of more than 210 metres below surface. An Indicated Resource amounting to 43.7 million tonnes at grades of 0.055% cobalt and 0.1% copper in an oxidized open-pittable deposit has been defined. The resource contains an estimated, in situ, 53 million pounds of cobalt and 96 million pounds of copper to a depth of 200 metres below surface. The evaluation is based on a total of 160 drill intersections with a maximum hole spacing of 150 metres. Some of the mineralized bodies comprising the Anomaly "A" resource, as defined by the report, remain open-ended on strike and/or down dip. The resource of Anomaly "A", on its own, is considered sufficient for an initial two years production in terms of the existing signed letters of intent for long term product purchase agreements. In total 16 cobalt anomalies have been identified in the Nama Project area, of which 5 have been explored to varying extents. As a priority, a drilling program to investigate the extensions to Anomaly "A", in addition to Anomalies "C" and "D", is currently being considered with a view to defining an additional resource in the near future. The remaining 11 anomalies, with similar potential to the above anomalies, all require follow-up drilling and geological field programs. Metallurgical testwork conducted to date has provided a proposed metallurgical flow sheet. A further bulk sample has been taken from Anomaly "A" to enhance and refine the metallurgical processes and cost parameters for producing a marketable and economically viable cobalt product. On the basis of this testwork, it is anticipated that the design of a pilot plant will be finalized enabling Caledonia to conclude long term product purchase agreements based on the letters of intent. Stage 1 of the production process will be the construction of a pilot plant which will serve as an ongoing metallurgical test facility. Nama Cobalt Project Nama Group of Licences including Konkola West This group of 5 contiguous licences covers an area of 806 square kilometres on the northern extension of the Zambian Copperbelt and hosts open-pittable near-surface low grade cobalt / copper mineralization. caledoniamining.com caledoniamining.com caledoniamining.com

To: MoneyPenny who wrote (47)	1/15/2008 3:42:18 AM
From: NYBob1	Read Replies (2) \| Respond to of 58

Cobalt and Caledonia Mining (CALVF) - Cobalt prices have been on the rise lately. In fact, they have increased from around $15/lb to over $45/lb since November 2006. This chart only shows activity through December 2007, but if you check the current sales price at BHP Billiton, you will see that they are currently making cobalt deliveries at $46.25/lb. Not a bad increase. In a little over a year, cobalt prices have basically tripled. This should be good news for cobalt mining companies or cobalt miners with significant cobalt resources. (Update 1/10/08, Cobalt price is up to $47.50 today) One such company is Caledonia Mining (Symbol: CALVF) CALVF currently trades at U.S. $0.113 per share. Obviously it is a penny stock. Caledonia has a diverse compilation of properties that include gold, base metals and diamonds. Caledonia's cobalt property is called the Nama Cobalt Project. 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. Caledonia has fully diluted shares totalling 590,273,165. This would put a value of current resources at $10.38 per share just for the Nama project. This does not include its currently producing gold mine, the Blanket Mine, that has proven and probable gold of nearly 500,000 ounces with inferred gold resources of nearly as much. Nor does it include its other gold, diamond, platinum and other base metals projects. Take a look at this long term chart of Caledonia and you will see it has the potential to explode in price in a short matter of time. It has had two massive run ups in share price. In 1986 it rose from under $1 to over $7 in just over 1 year. Then in 1994 it rose from under $1 to over $9 in less than 1 year. The question is, does it have another run coming? I don't know. But, I do own 69,300 shares of CALVF and would love to see it make another big run. Be sure to do your own due diligence as these are numbers that I calculated based on information on Caledonia's web site. Remember to invest at your own risk. Penny stocks can make huge gains but can also make you lose all or substantially all of your investment as well. marketbust.com Labels: base metals, Caledonia Mining, CALVF, cobalt, cobalt prices, copper, diamonds, Gold, nickel siliconinvestor.com siliconinvestor.com Imo. Tia. God Bless