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Gold junior in China- Do you know this co?

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RichKid

RichKid

PlanYourTrade > TradeYourPlan
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"Don't miss out on Doug’s latest home run in the making, the small company that now controls China’s largest gold deposit."
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Received this bit of tantalising info from Doug Casey, trying to lure me into a subscription. Does anyone know of any listed Aussie co that may qualify? SGX Sino Gold and TGF Tianshan Goldfields come to mind.

So:
1) What is China's largest known gold deposit?
1a) Is there some disagreement on which is the largest gold deposit (in which case there may be a few different candidates).
2) Once we know 1) it shouldnt be hard to indentify the company that owns it.

Or better still if someone subscribes to Casey and knows the co (ie has the Casey report) pm me and I'll swap some info of similar ilk (speccy stocks/commodities) with you.

...just thought I'd add this: the co may not be an Aussie listed co, but I think it is.

Thanks,
Rich
 
I think he is on about Sino gold and their Jinfeng deposit...they reckon they have 5.5million ounzes in different JORC classifications and will start producing mid 2006... construction under way now...
 
Kauri said:
I think he is on about Sino gold and their Jinfeng deposit...they reckon they have 5.5million ounzes in different JORC classifications and will start producing mid 2006... construction under way now...
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Thanks Kauri, my guess too, have started a SGX thread and did some reading on their site. I'm trying to get leverage to the gold rush via quality co's with world class assets.
 
laurie said:
Hmmm I was thinking MIC [Michaelangelo]

cheers laurie
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Does MIC have such a big interest though- largest gold deposit?

From the info I gather on SGX they have the second largest mine which may become the largest once all the drilling and exploration work is done.
Wonder who the next largest holder is in China (of gold deposits)?
 
laurie said:
Well MIC has now joined forces with Golden China Resources!

cheers laurie
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Yes...soon MIC holders will be GCR holders.


The business combination will be carried out by way of an Australian Scheme of Arrangement pursuant to which Michelago shareholders will transfer their Michelago shares to GCR and receive one GCR share for every twenty five Michelago shares held by them, after implementation of a simultaneous planned consolidation of GCR’s outstanding shares on a one for five basis. Michelago option holders will receive GCR options on the same basis. The share exchange ratio will be adjusted to reflect any potential dilution to Michelago’s outstanding shares arising out of any working capital financing carried out by Michelago in connection with the BioGold processing facility.
 
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