Kjell

Goldenstar Resources, Western Goldfields: Gold Explodes Upward

I like a junior canadian goldminer called Jinshan Goldmines (JIN)
traded on the Toronto Stock Exchange because they have already
started mining and have meldted their first goldbars. Expected
production 2008 120.000-200.000 ounces of gold. If mining costs
can be estimated at maximum 50% of the gold price we get about
USD 0:35-0:40 in earning per share. Calculated at PE 10 it makes
a share price of USD 3:50-4:00. Trades today at abt CAD 2:10.