News

October 30, 2007

Tianshan Goldfields Has a Simple Story

By Rob Davies

The junior resource sector is a pretty crowded place these days and it is tough for individual companies to attract attention. One thing that helps though is a simple story and it doesn’t get much simpler than having one project in one country exploiting one commodity. Such is the case with ASX and AIM listed Tianshan Goldfields. It is developing its 90 per cent owned Gold Mountain project in the Tian Shan gold province of north east China and the steady growth in its share price since listing demonstrates how the market appreciates the progress it is making. Even so, a valuation of £34million for 2.8 million ounce resource that can be mined by open cut and then heap leached suggests that the story is not that well known yet.

Chairman Keith Liddell was able to give Minews some background to the most recent news on the phone from Australia, though he is about to relocate from there to London in the next few weeks -  something he admits is not really the best of timing for the weather. In the last few weeks there has been some significant news flow and all of it is positive. To put the news into context it is worth pointing out that the resource lies in three deposits: Yelmand, Mayituobi and Jinxi all within a...