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China Gold International Resources Ord Shs T.CGG

Alternate Symbol(s):  JINFF

China Gold International Resources Corp. Ltd. is a Canada-based gold and base metal mining company. The Company is principally engaged in the acquisition, exploration, development and mining of mineral resources in the People’s Republic of China (the PRC). It operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The CSH gold mine is located in Inner Mongolia of China, approximately 210 kilometers (km) northwest of the city of Baotou, which is engaged in producing gold dore bars with silver as a by-product. The Jiama project is a copper gold polymetallic mine in China. The Jiama project is located within the Gangdise Copper Metallogeny Belt in Central Tibet, China and is approximately 60 kilometers east of Lhasa City along the Sichuan-Tibet Highway. The Jiama project is a polymetallic deposit consisting of copper, molybdenum, gold, silver, lead and zinc.


TSX:CGG - Post by User

Comment by lucky81on Apr 02, 2010 8:42pm
488 Views
Post# 16952912

RE: RE: RE: New to Jinshan - some questions

RE: RE: RE: New to Jinshan - some questionselmo, good questions. my view is that there is a strong connection to HK from Canada. There are many duel  passports with money to invest. Right now gold miners on the HK exchange are trading at all time highs while here in Canada miners still can't get a bank loan. That said, goldman saks runs our central bank so that may explain that. With gold seen as an historic investment in Chinese culture and now being encouraged by the state, valuations are bound to be seen as riskier in such a bull market compared to the tsx miners generally . Also it has long been suspected that our juniors especially, are being shorted. The most prominent critic being high profile Jim Sinclair of mineset fame and he has been calling for an investigation into the manipulation of the tsx juniors for years. Our market here is cool compared to the chinese gold market. I don't see valuations in this case being a good yardstick with us having such a strong presence among HK/CAN  investors without the HK listing. Financing and resultant dilution will not be a problem unless methods used might be seen as JIN being owned by the state owned CNG group. This, i believe is unlikely with such a well structured and competent board at the wheel. It has been suggested in one of frankseles posts that Monnis might buy in. Maybe they already have. If you call ir and they tell you anything don't forget to share here. Long Jin. GLTA
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