Vatukoula Goldmine vor Turnaround ?

http://www.vatukoulagoldmines.com/admin/...0-%20Int%20op%20update.pdf

bei aktuell ca. 3,6 Mrd Aktien beträgt der Kurs 0,0157 € ergibt eine Martkaptalisierung von 57 Mio €

Die Produktion soll im kommemden Jahr 110000 Oz. erreichen. Die Produktionskosten sollen bei 500-550 $/Oz liegen.

Die Reserven liegen bei 0,83 Mio Oz. Die Ressourcen  bei 5,15 Mio Oz. Falls der Turnaround gelingt, ergibt sich ein hier Vervielfachungspotenial.  

 

In letzen Quartal wurde erstmals ein Gewinn ausgewiesen

Operational Update for the First Quarter from 1 September 2009 – 30 November 2009
VGM, the AIM-quoted Fijian gold producer, is pleased to announce its’ operational update from the
wholly-owned Vatukoula Gold Mine in Fiji, highlights include:
· Mine net earnings of £ 1.292 million up from a loss of £ (1.587) million in the previous
quarter (unaudited)
· Gold sales of 8,826ozs up from the previous quarter (6,617ozs)
· Average realised gold price of US$ 1,096/oz up compared with previous quarter (US$
929/oz)
· Gold recoverey of 12,227ozs, up from previous quarter (7,444ozs)
· Cash costs of US$584/oz down from the previous quarter (US$1,111/oz) (unaudited)
· Capital expenditure during the period was £ 1.7 million (unaudited)
· Signed the Social Assistance Deed and Fiscal Agreement with the Government of Fiji

Die Gewinnmarge liegt bei ca. 550$ je Unze daraus ergibt sich bei 100000 Oz. ein cashflow von 38 Mio € nach Steuern ergibt das müsste man bei einem KGV von ca. 2 herauskommen  

GE&CR says 'buy' Vatukoula Gold Mines, price target 3.9p


Growth Equity and Company Research (GE&CR) issued a buy recommendation for Fiji operating gold explorer Vatukoula Gold Mines (AIM: VGM), with a target price of 3.9p per share. According to GE&CR Analyst Thomas Jones the emerging gold company is materially undervalued.

The company’s 100% owned and operated Vatukoula gold mine in Fiji has a NI43-101 compliant resource of 4.2 million ounces with a 40 year mine-life. The company acquired the Vatukoula gold mine in April 2008 and has since re-established mining operations. The mine operated for over 75 years, producing approximately 6.9 million ounces of gold.

"Unhedged and targeting an increase in annualised gold production from the current 48,000 ounces to 100,000 in the first calendar quarter of 2011, Vatukoula is a geared play on a rising gold price but looks materially undervalued even at current levels”, Thomas Jones commented, “Realistic upside to our valuation comes from higher long-term output, higher gold prices - using an $1100 gold price our valuation increases to 5.8p - and the compression of operating costs.”

The analyst’s model is based on Vatukoula’s targeted production of 100,000 ounces in FY2011 and 110,000 ounces from FY2012 onwards. GE&CR also assumes a flat gold price of $950 per ounce.

Last week Vatukoula announced the results of an independent assessment of its mineral reserves and mineral resources carried out by AMC Consultants, who confirmed the “world class size and scale” of the Vatukoula ore deposit. The assessment put the company’s proven and probable mineral reserves at 1.9 Mt (million tonnes) of ore grading 10.9 g/t (grammes per tonne) of gold for 0.68 Moz (million ounces), based on a gold price of US$750/oz and projected operating costs of US$107 per tonne of ore, which could increase about 20% if the assumed price were raised to to US$1,050/oz.

The underground combined measured and indicated resource is at 8.3 Mt (million tonnes) grading 10.5 g/t of gold for 2.8 Moz, while the inferred mineral resource amounts to 4.7 Mt grading 8.6 g/t for 1.3 Moz. Tailings based combined measured and indicated mineral resource now stands at 5.2 Mt grading 1.5 g/t for 0.23 Moz of gold.  

Cortal kann man VATUKOULA Gold auch im Tradegate kaufen. Bin mal mit 10 k eingestiegen. F.G.Realist  

will das hier auch nicht zünden. Solange das Geplänkel um bankrotte Eurostaaten dauert sollte man sich sein Depot und alles was mit Aktien zu tun hat gar nicht mehr anschauen. F.G.Realist  

+10%  

Vatukoula Gold Mines plc

("Vatukoula" or "the Company")



Interim Results to 28 February 2010





Financial Highlights of the first half year:



·      Turnover for the period reached £16.5 million (2009: £9.5 million)

·      Gross margin increased to £7.5 million (2009: £0.23 million)

·      Profit after tax of £4 million (2009: loss £3.9 million)

·      Capital expenditure for the period £5.5 million (2009: £1.4 million)

·      Cash balance of £8.2 million as at 28 February 2010



Operational Highlights:



·      Gold shipped increased to 24,092 ounces (2009: 17,920 ounces)

·      Ore mined and processed increased to 188,631 tonnes (2009: 94,592 tonnes)

·      Cash cost per ounce of gold recovered reduced to US$ 635 (2009: US$857 / ounce)

·      Average price of gold received increased to US$1,102 / ounce (2009: US$834 / ounce)

·      Average underground grade mined 7.52 grams per tonne (2009: 6.90 grams / tonne)

·      Average surface grade mined 1.96 grams per tonne

·      Continued underground development programme achieved 3,700 metres for the six months.



David Paxton, CEO of Vatukoula commented - "The first half year has been particularly productive for Vatukoula.  Our continuing efforts to increase production at the mine resulted in higher gold production, increased gross margins and £4 million of profit after tax. The fundraising during the period has enabled the purchase of capital equipment and continue the much needed capital development programme."



"We now expect production for the year to be about 50,000 ounces and anticipate reaching our targeted production rate of 100,000 ounces per annum in the first calendar quarter of 2011.  Our cash costs per ounce are expected to fall as production ramps up, providing further scope for growth."



"Additionally, we remain fully committed to our exploration programme, which itself could provide further potential upside and we  have engaged a minerals consultancy group to develop an exploration programme both within the mining lease, and within exploration leases surrounding the mine."  

http://www.boerse-online.de/tools/boerse/...;s=VGM&b=24&l=826  

kommt positive bewegung in den kurs. Immer schön mit dem goldpreis nach oben.  

die 3. P geknackt. Sieh gut aus  

Nach Split!

http://www.boerse-online.de/tools/boerse/...=A1C7L0&b=2&l=276