Key points of investment
1) last year, the collection company paid a total of US $1300 million (about HK $100 million), including a deposit of 8820 million yuan and about 1260 yuan of tradable shares. According to the 51% rights of CommerceProsper shares, its wholly owned subsidiary Zolotoy StandartLimited Group has a fund located in the Russian state of Amuju, and the holding of the collection can be increased from 2064 yuan to 65%, including a deposit of 1032 yuan and 1289.3 yuan to pay for 0.80 million Hong Kong dollars per share.
2) the gold ore is located in the primeval forest of Amuyi State, with an area of 309km, which is one-third of the total area of Hong Kong. It is preliminarily estimated that the gold deposit has more than 35 tons of gold ore (C1 category). The resources of gold ore are already in the form of gold, low production cost and simple working procedures. Production is expected to start in the first half of this year, with monthly production of more than 1100 ounces of gold.
3) before the collection, 70% of the shares of Jinxin and Jinji were acquired at a cost of 370 million people (about HK $4.6 billion).
4) Jin Xin holds the certificate of deposit and exploration of the mining area at the fork in Shantou province, as well as the certificate of mining and exploration of the gold deposit in the gold mining area, as well as one gold mine and one gold mining deposit. It is estimated that 400,000 mines are processed in one year, 128,000 ounces of gold are produced, and the self-sufficiency ratio of gold smelting is less than 33%.
6) the grade of gold ores in Shanxi Province is higher than the domestic average (about 3 grams per kilogram), and the grade in the region is about 5-12 grams per kilogram. Based on our actual investigation, we estimate that the grade of gold ores in the collection is about 5-10 grams per kilogram.
We estimate that profits will increase after the conversion of gold stocks, and we expect that the international capital reserve will be maintained at around US $1400 per ounce, together with the reduction in domestic production costs. take Shanxi Province as an example, the opening cost per unit is only 190 yuan per capita. Under the strong demand for gold and collective production costs in various countries, we expect to make a profit of 100 million to 150 million yuan in 2013. However, in view of the fact that the stock market is still in the process of business transition, the expected market is still facing a certain level of investment, and it is suggested that customers can make speculative investment, but at the same time, it is necessary to control the downside of the stock market according to their own capacity.