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If you do not see them, view it in your browser . Edison Investment Research Edison Investment Research Dear Felicity, COMPANY RESEARCH Goldplat - Easy gold PDF download Click for report Among gold producers, Goldplats core operations are almost unique.

First, since it recovers rather than mines gold, it is not geologically constrained and it can therefore effectively choose whether it wishes to treat high or low grade material from its stockpiles.

Second, it is able to manage its ore body in that it can choose which material it wishes to source.

Third, it is able to structure contracts to minimise the risk of incurring losses.

Having built a profitable base, Goldplat is now in the process of acquiring conventional, high-grade mining assets with a view to increasing its productive capacity to 100,000oz per annum.

Goldplat is leveraging its position as a small, profitable gold producer from its gold recovery operations in Ghana and South Africa to become a mid-tier producer, by acquiring conventional mining assets in Kenya and Burkina Faso.

Year End Revenue (�m) PBT (�m) EPS (p) DPS (p) P/E (x) Yield (%) 06/08 7.7 1.6 0.95 0.0 10.8 N/A 06/09 11.1 2.0 1.30 0.0 7.9 N/A 06/10e 12.9 2.1 1.38 0.0 7.4 N/A 06/11e 15.6 3.3 1.88 0.0 5.4 N/A Goldplat is a research client of Edison Investment Research. Download full report
Price 10.25p Listing AIM Sector Mining Market Cap �11m Analyst Charles Gibson
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