We attended the company's AGM in Sydney yesterday, where Chairman Peter Cassidy confirmed that the company is on track for the commissioning of its new Jinfeng gold project in the second half of 2006. Sino is poised for a dramatic increase in its Chinese gold production profile, with phase one production of 180,000 ounces annually before phase two expansion to 300,000 ounces from 2008. CEO Jake Klein highlighted numerous emerging project opportunities that Sino is pursuing. We anticipate a further significant re-rating of Sino ahead of first Jinfeng gold production later this year.
SGX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
