Deutsche Bank included international resources (1051.HK) in the study for the first time. It has already been graded and purchased. The target price is HK$0.5. The reason is that its gold and silver mine in Indonesia will be officially put into operation next month, which should strengthen market confidence. The cost of gold mining per ounce is only 360 US dollars, lower than the industry average of 650 US dollars. Compared with the current gold price of 1,600 US dollars, the profit prospects are promising. It is estimated that the annual output of 250,000 ounces of gold and 2.5 million ounces of silver will be recorded immediately.

International Resources rose 5.88% yesterday to close at HK$0.45.