Caledon Resources 2006

"China Steel Corp., Taiwan's largest steelmaker, said it plans to buy 5 percent of Sonoma Coal Mine in Australia for A$16 million ($12 million)...QCoal is developing the Sonoma Coal Mine in Queensland and plans to begin production in 2007, according to the company Web site. The mine will initially produce 2 million metric tons a year."

So, with 2 mtpa pencilled in for 2009 at Cook and 1.5mtpa in 2008, can we assume that, at A$46m for 100%, we got ourselves a bargain?

What price Minyango assuming all goes well? Also underlines the new financing avenues available to CDN as mine owners and imminent producers. If debt was not possible before, it surely is now!