Geo2 Ltd. - Processing & Refining Gold Message Board

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Gold/Mining/Energy : Geo2 Ltd. - Processing & Refining Gold

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To: richard badauskas who wrote (33)	6/7/1999 10:35:00 AM
From: richard badauskas	Read Replies (1) of 52

China Gold Refinery pays its first dividend of A$12,000 for first six months of full operation on revenues of A$3.9M. Geo2 forecasts revenues of A$8M for first twelve months til June 0f 1999. Also forecasts an increase in revenues to A$17M for the coming year (1999/2000) and expects to receive a dividend of A$0.5M. Expect to again double revenues and profits in following year of 2000/2001 due to improvements in refinery methodologies and work practices. Current capacity at the refinery has been upgraded to 50 tonnes per day of concentrates, with "tweaking" this capacity can be pushed up to 75 tons per day. Further upgrades are planned as capacity targets are met and maintained.

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