You need the Flash Player version 8.0.0.0 or higher and a JavaScript enabled browser to view this content

Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

Warning (2): simplexml_load_file() [function.simplexml-load-file]: http://prices.digitallook.com/?username=proactiveinv&password=lidaf087&type=intraday_price&code=GDO:1: parser error : Space required after the Public Identifier [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: <!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML 2.0//EN"> [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]:                                                  ^ [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: http://prices.digitallook.com/?username=proactiveinv&password=lidaf087&type=intraday_price&code=GDO:1: parser error : SystemLiteral " or ' expected [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: http://prices.digitallook.com/?username=proactiveinv&password=lidaf087&type=intraday_price&code=GDO:1: parser error : SYSTEM or PUBLIC, the URI is missing [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: http://prices.digitallook.com/?username=proactiveinv&password=lidaf087&type=intraday_price&code=GDO:7: parser error : Opening and ending tag mismatch: P line 6 and BODY [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: </BODY></HTML> [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]:        ^ [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: http://prices.digitallook.com/?username=proactiveinv&password=lidaf087&type=intraday_price&code=GDO:7: parser error : Opening and ending tag mismatch: BODY line 4 and HTML [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]:               ^ [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: http://prices.digitallook.com/?username=proactiveinv&password=lidaf087&type=intraday_price&code=GDO:8: parser error : Premature end of data in tag HTML line 2 [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]:  [APP/views/elements/dl_intraday.ctp, line 12]

Warning (2): simplexml_load_file() [function.simplexml-load-file]: ^ [APP/views/elements/dl_intraday.ctp, line 12]

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: GDO
News: Latest news
Web Site: Gold One International
Other Articles: 24-06-201023-06-201017-06-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
Gold One International

Gold One International

Gold One International Limited (ASX: GDO) is a gold producer listed on ASX and JSE. Its flagship operation is the Modder East mine, also owning the nearby existing Sub Nigel mine, which is used primarily as a training centre in the build-up of Modder to full production.  Its other projects and targets include Ventersburg the Free State goldfields and  the Tulo concession in Mozambique.

Production for 2010 is targeted at between 85,000 and 100,000 ounces of gold at a cash cost of less than US$400/ounce. Reserve base of 1.36 million gold ounces and a total resources base of 13.66 million gold ounces.

CLICK HERE FOR FULL ANALYSIS OF GOLD ONE INTERNATIONAL
Thursday, June 24, 2010

Research house values Gold One International at $0.65 cps

company news image

European research house Edison Investment Research has penned a research report on Gold One International (ASX: GDO), valuing Gold One at A$0.65.

Price A$0.28
Market Cap A$226m
Code GDO
Listing JSE/ASX
Sector Mining
Shares in issue 805.9m
52 week High Low
A$0.40 A$0.23

In addition to already producing mines in the Witwatersrand basin, Gold One has advanced the development of its assets by completing a positive independent scoping study on the Ventersburg project in South Africa’s Free State province.

Previously, we placed a value of 7.8 Australian cents per share (Acps) on Gold One’s non-producing assets including Ventersburg), based on the in-situ value of their resources.

However, an analysis of the cash flows accruing to shareholders as a result of the development of Ventersburg suggests these assets could now be valued at 20.15Acps, potentially rising to 25.93Acps in the event of future exploration success.

Potential for elevated grade at Modder East

Current operations at GDO’s main producing asset, Modder East on the East Rand, are situated very close to the shoreline where grades are higher than those originally envisaged in the geological model. As a result, the average grade mined was 9.16g/t in Q409 and 8.41g/t in Q110.

On-reef development sampling during the course of development along the Buckshot Pyrite Leader Zone in Q1, however, returned average values of 16.5g/t over the average 75cm thickness of reef, implying that a
grade of 12.39g/t is achievable when mined across a stope width of one metre. As such, it suggests that our forecast average mined grade for FY10 of 8.38g/t is eminently achievable.

Valuation: Discount nudging 60%

Adding our new valuation for Ventersburg to our adjusted valuation for its producing assets, Modder East and Sub Nigel, plus our estimate of the value of the company’s loans to its BEE partners, yields a total value for Gold One’s shares of 64.98Acps, potentially rising to 70.76Acps in the event that it is able to drill up an additional 1Moz of ‘indicated’ resources in the near future.

This compares to our previous valuation of 54.91Acps (or 60.31Acps in the event of exploration success), representing an increase of 18.3%. At 28Ac therefore, Gold One’s shares are trading at a 56.9% discount to our valuation of the assets, potentially rising to 60.4% in the event of near-term exploration success. NB: valuations are conducted at a long-term gold price of US$1,177/oz.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Gold One International articles


Other Gold One International news

More news ►

Investors interested in Gold One International recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.