GREAT NEWS FOR CAA HIGHER COMMODITY PRICES = HIGHER INCOME FOR CALLINAN
Higher commodity prices, led by” DOCTOR COPPER”, that precious red metal, have produced increased income to Callinan from its 6 2/3% royalty interest in the HudBay operated 777 Mine.
1st quarter 2011 royalty payment: $ 6,032,456
2nd quarter 2011 royalty payment outlook: higher
Calculated on an annualized basis = approx. $.52 per share
The company has a large bank balance ( $ 18,000,000) and “NO DEBT”.
NOTE: The litigation against HudBay, demanding transparency, continues.
For details, check the company’s excellent web site. www.callinan.com