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Gold/Mining/Energy : Precious and Base Metal Investing

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To: E. Charters who wrote (35453)	7/13/2005 10:30:29 AM
From: Mr. Oil	Read Replies (1) of 39344

Sorry for the delay in getting on with this. I was off the site until now and didn't realize the numbers of you who are reading and watching this site. JIN.v was the symbol on Yahoo. It is on the venture exchange as was mentioned. It is a Canadian company formerly called PMX or Pacific Minerals. They are partnered with IVN Ivanhoe on a 50/50 basis to discover and develop a resource in "Inner Mongolia" a part of China. They have several different projects in the works but the one of most interest is the Chang Shan Hao 217 project. There is a proven reserve of 2.2 millions ounces in ground with another 1 million inferred. It is not high grade but in an area where development costs are low. They have commenced a 3500 meter drilling program within the last week to begin testing the limits of the reserve and to establish the inferred resource as indicated. There are about 48,500,000 shares outstanding. At $10/ oz in ground gold this project alone is worth 22 to 32 million depending on the inferred component. Given they have a 50% interest in it, that would place the value of the stock at .33 just for this project alone. It is currently trading at .50 so I believe there is lots of upside potential here. I see several ways this can leverage ones investment. There is leverage to the price of gold, leverage to China demand and growth, of course leverage to further discovery and infill drilling and leverage to advancing the resource to a mine. That's all I can offer as an intro right now as I am out of time. Take a look at this one if you like the risk. It has been touted by Lawrence Roulston in the past. Here is there website. jinshanmines.com Ray

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