Opinions
Lawrence Roulston
Caledonia Mining
CAL-T
COMMENT
Apr 30, 2008
Cobalt deposit in Zambia. Doesn't follow this one closely. His sense is the deposit is a good size but the grade is fairly low.
$0.160
Stock price when the opinion was issued
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Cobalt is trading at an extraordinarily high level at around $50 a pound. Hasn't followed this one too closely but his sense is that it is fairly low grade. Other companies have much more attractive deposits of cobalt and none of them seemed to be getting the recognition they deserve. Would prefer Geovic (GMC-T) in Cameroon West Africa, which has a much more favourable grade..
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