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The company is ramping up production of what was once known as gold Emperor found on Fiji? s large island, Viti Levu.

Questor saysBUY

Many libertarians believe that prices continue to rise as fiat currencies - or currency units are not supported by gold - dévaluer.Cependant, Quaestor believes that the best way to play high gold prices by corporations or increasing production. A minor over small based in Fiji is Vatukoula Gold Mines and actions are a new speculative purchasing today.

The company is ramping up production of what was known formerly as gold Emperor, located on the largest of the country, Viti Levu.La produces gold mine for 80 years - almost continuellement.Toutefois Island operations stopped when the price of gold was low. It is estimated that mine currently contains 4.3 m ounces of gold - and the company is production of 100 000 ounces per annum.

Vatukoula is also exploring the surroundings of the mine, which is highly prospective for new discoveries of gold.

Underground mining at a fixed price high base.This means that at the time of production of low cash costs are high, but the production increases the cost of producing each ounce tombe.Dans 12 months ending in August, the cost of cash for each ounce of gold was $664 once.Cela should be more next year production increases.

Target company for the production of the last year financial was 50,000 oz, announced in May.The company was able to go beyond this and produces 59,658 onces.Dans

This year, he expects production rise about 25pc towards our rate of annual production of 100,000 ounces of gold per year.

Underground mining being inefficient, the company plans to build a power plant fueled with wood on the site provide for its own energy needs.

The Fijian Government is stable and favourable to the mine.Note the title of mining was held by foreign companies for more than 70 ans.Vatukoula has a five years by the Government, with payment of royalties on being fair 3pc gold sales tax holiday.

The company employs approximately 13 m ￡ cash and debt of approximately $400,000 .the actions aren't paying a dividend based on forecasts of analysts, are trading on prospective earnings multiple times just 4.1.Comme company increased production, this multiple is likely to move higher as re - rate actions.

The company listed on aim is low, with a market capitalization of 135 m ￡, and therefore should be treated as a piece of theatre spéculative.Cependant, Quaestor expected shares to be re-rated as of increases in production and costs fall cash it also exist some exploration Fiji .the site interests ' company should also move into profit this année.Acheter.

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