anyone watching this, page-4

high risk, high cost mine that has been sold previously by many parties...

any share is worth its intrinstic value based on earnings...

for me, it was fully valued at $3 considering the risks...

Analyst report showing the following EPS is at http://www.caledon.com.au/Images/FileManager/209.pdf

Year ending Dec 2008E.. 2009E.. 2010E

EPS £/shr .......0.178...0.140.. 0.094

This equates to 32 cents, 28 cents and 19 cents EPS...

Look at the chart going crazy prior to ASX listing, as though Australian investors do not have a clue:



My analysis is as follows: