At the end of 2008 CAA was trading at .40 as the royalty was just about to come into play... CAA holds several base metal plays in addition to the royalty and also the war baby which is thought to be the extension to the HBM 777 mine all of this very similar to PRB and the Goldex royalty

This month CAA became a royalty company and spun off their exploration assets.

Maybe PRB royalty down the road a couple years... but interesting comparison PRB to CAA.... The dollar royalty amounts will dictate the future... but nobody can make a decision of value without numbers and facts..... PRB needs to have more info made avalible to shareholders...JMHO

Has been a nice return on CAA if you held it since dec 2008

CAA now $3.40 and CNX $1.10 ten bager in 30 months

I wonder what PRB will be trading at in 2 years.... food for thought

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Callinan Royalties completes Callinex Mines arrangement

2011-07-13 21:09 ET - News Release

Mr. Mike Muzylowski reports

CALLINAN MINES CLOSES ARRANGEMENT AND CHANGES NAME TO CALLINAN ROYALTIES CORPORATION AND CALLINEX SHARES TO COMMENCE TRADING

Callinan Royalties Corp.'s name change from Callinan Mines Ltd. has been made effective today, and its plan of arrangement with Callinex Mines Inc. has closed today. Callinan Royalties' trading symbol will remain CAA.

Pursuant to the arrangement, Callinan Mines' exploration properties, except the War Baby claim, have been transferred to Callinex in exchange for shares in the capital of Callinex, and, as at the record date today, Callinan Royalties has distributed to the shareholders of Callinan Mines one Callinex share for every 4.5 common shares of Callinan Mines held and one common share of Callinan Royalties for each common share of Callinan Mines held. No new share certificates will be issued for the Callinan Royalties shares.

In addition, Callinan Royalties has transferred $8-million and 500,000 Callinan Royalties shares to Callinex. The 500,000 Callinan Royalties shares are being held by Callinex for share issuances under property agreements. Any of the 500,000 Callinan Royalties shares that are not so used will be returned to Callinan Royalties.

The Callinex shares will commence trading on the TSX Venture Exchange under the symbol CNX at the opening of the market on July 14, 2011.

Details of the treatment of options and warrants previously exercisable for Callinan Mines shares are set out in the management proxy circular of Callinan Mines dated May 6, 2011, and filed under its SEDAR profile on May 11, 2011.

We seek Safe Harbor.