Ringler Research: Financial analysis about Caledonia Mining published / Analytical valuation price of 1.55 CAD / 1.14 € (+86% upside target)

Ringler Research: Financial analysis about Caledonia Mining published / Analytical valuation price of 1.55 CAD / 1.14 € (+86% upside target)

Original Research from Ringler Research, a brand of Ringler Consulting and Research GmbH

Analyst: Carsten Ringler

Type of study: Research update as of 30.10.2015

Analytical valuation price target: 1.55 CAD / 1.14 €

Last closing price as of 29.10.2015: 0.83 CAD / 0.53 €

Projected upside potential to the analytical valuation price target: 86%

Sector: Mining and Metals

ISIN Number: CA12932K2020

We report in our financial analysis about Caledonia Mining Corp., which operates and develops an profitable gold project in Zimbabwe. The author Carsten Ringler describes the projects and performs various calculations. As a result of the analysis the author Carsten Ringler is quoted: "The production costs of Caledonia are below 1,000 USD per ounce, therefore the company can finance capital expenditures in the mine and dividend payments."

About the company:

Caledonia Mining is a profitable gold producer in Zimbabwe.

The flagship project is the "Blanket Mine" and is located in the southwest of Zimbabwe, about 15 km away from the provincial capital city Gwanda of the state Matabeleland. In 2014, a total of 42,927 ounces Gold were mined and processed with low cash cost “AISC” of 969 USD per ounce gold.

The company expect to produce in 2015 42,000 ounces gold.

Caledonia Mining is listed on the Canadian Stock Exchange, AIM/London and the Frankfurt Stock Exchange.

More information about the projects and the company can be found at: www.caledoniamining.com

About Ringler Research:

Ringler Consulting and Research GmbH offers a wide range of consulting services for mining companies and institutional capital market participants. This includes, for example, the creation and distribution of equity research studies on mining companies.

The complete financial analysis can be downloaded for free after a short registration under the following link: http://www.mining-research.com/research-berichte

Please note the disclaimer, the important notes at the end of the financial analysis and on the website: http://www.mining-research.com/disclaimer

This press release and the financial analysis is not an investment advice or recommendation of certain market transactions.

Presscontact: Ringler Consulting and Research GmbH

Contact person: Carsten Ringler

Telephone: +49 172 6918274

Mail: c.ringler@gmx.de

Webpage: www.mining-research.com