RE:RE:RE:RE:Thoughts on when to load up againSo far Caledonia looks good. Suprised that they are going divy with such a small mine/company. Tells me that they want to increase their shareholder value to help with buying other assets/companies.
Life of mine looks like 12 years at 50 000 oz/year. Ok I guess. Looks like they have some hard rock to break up to get the those high grades. Equipment costs are probably higher with this company. Over 4oz per tonne is good grade.
Zimbabwe is one of your more advanced African nations but that can somtimes lead to more labour unrest and legal issues.
Excellent balance sheet. - I will buy some of this company because of balance sheet, the divy, and the fact that this company is inexpensive. There is risk with just one operating mine and underground mining that looks fairly dangerous. I wouldn't put a lot of money in this one.
Overall nice pick - I will put 4% of my money in today.