Lawrence Roulston Caledonia Mining CAL-T DON'T BUY Jul 02, 2008

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..