Excerpts from Daily Wealth
Only a handful of public companies are working with the Chinese government to expand the country’s production. Those companies will reap huge rewards as China dumps its dollars into its domestic gold industry.
Sino Gold (SGX on the Australian Exchange), for example, is a $1.2 billion China-focused gold miner. It owns two operating mines with two more under construction. The company’s remarkable ascent began in 2001, when it acquired a small project called Jinfeng. In just six years, Jinfeng went from a rough one million-ounce resource to the country’s second-largest gold mine.
China’s government is so eager to get its hands on more hard assets, it’s willing to go to almost any lengths to kickstart its mining industry. That kind of support can yield tremendous returns for smart investors.
China’s the world’s third-largest country, covering about 3.7 million square miles. That land is incredibly rich in mineral wealth – it potentially holds over 320 million ounces of gold.
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