I am so impatient with the market. We should be double the current share price all things being considered.

- We probably  have close to 20 million in cash on the books right now = $0.38 u.s. per share.
- No debt
- 30 million loan payable through dividends to us 49% share holders from the 51% indiginization deal. Based on 49% of shares that equates to $0.57 u.s. per share that is owed to us..
- .Last quarter earnings were $0.078 u.s. per share = about $0.30 u.s. per share earnings for
this year. That is a P/E of 4.6 for this year and going much lower each year going forward.
- operating cash flow of around 30 million u.s. this year. That is $0.57 u.s. per share. That implies a cash per share ratio of 2.45.

Based on these findings CAL trades currently based on $1200.00 gold as follows taking in to account the cash on the books that is growing every quarter::