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http://webcache.googleusercontent.com/search?q=cache:QadEPZu-CRkJ:www.vgmplc.com/downloads/WHI-VGM-040112.pdf+VGM+jorc+resource&cd=4&hl=en&ct=clnk&gl=uk

David Paxton, CEO of Vatukoula Gold Mines, talks about a steady operating level, building up to 100,000 ounces of gold per year, getting productivity levels up, building a bagasse power station to bring costs down considerably, 4.3 million ounces of reserves, forty years mine life, and two exploration programmes

[PDF] Vatukoula Gold Mines* NATURAL RESOURCES RESEARCHwww.vgmplc.com/downloads/WHI-VGM-040112.pdfNot helpful? You can block www.vgmplc.com results when you're signed in to search.www.vgmplc.com Block all www.vgmplc.com results You +1'd this publicly. Undo File Format: PDF/Adobe Acrobat - View as HTML 4 Jan 2012 – Vatukoula Gold Mines has, in recent quarters, experienced operating setbacks ... The current JORC resource stands at some 4.2Moz at 8 g/t.

Operational and Financial Highlights 2010/2011 Financial · Turnover of £47.9 million · EBITDA of £2.2 million · Completion of £6 million equity placing through the issue of 4.8 million shares in June 2011 · Cash position of £6.9 million · Completion of a share consolidation plan in November 2010 to realign the Company's share structure in a manner favourable to a potential North American listing Operational · Gold sold was 53,461 ounces for the year ended August 2011. · Underground ore delivered increased by 40% compared to the previous year. · The underground development for the year was 24,453 up from 8,720 metres achieved in the previous year. These significant increases are the result of our on-going development programme. · The Appointment of David Whittle as General Manager in July paved the way for a variety of operational improvements, including: o Minimising waste from development with split firing technique to blast the ore and waste separately; o The introduction of truck chutes to reduce the need for underground loaders; and o The introduction of water cannons in the underground stopes to recover more of the fines. · Feasibility study completed on the Rarawai power project by the Fiji Sugar Corporation, with VGM in negotiations to secure an off-take agreement.. Exploration · Mineral resource base increased by 6% to 4.2 million ounces, of which 790,000 ounces are classified as Mineral Reserves. · Encouraging results are reported from VGM's initial surface exploration programme, which has been designed to provide a preliminary delineation of oxide/transitional material within the current mining leases. 21 holes returned gold grades in excess of 3 grams of gold per tonne. Intersections include 5.14 grams of gold per tonne over 17.55 metres, 12.09 grams of gold per tonne over 5 metres and 3/45 grams of gold per tonne over 19 metres. · Mine envelope exploration targets the Prince and Matanagata North East (MGNE) flat-makes. Significant intersections included 23.1 grams of gold per tonne over 1.30 metres (Prince) and 9.6 grams of gold per tonne over 0.77 metres (MGNE).

up she goes :)

So 10p is a fair price then,

Tue, 24th Jan 2012 13:45 LONDON--(Marketwire - January 24, 2012) - Serabi Gold plc (AIM: SRB) (TSX: SBI) (TSX: SBI.WT), the Brazilian-focused gold exploration Company, is pleased to announce that it has conditionally placed ("the Placing") 27,300,000 Units at a price of 10.0 pence per Unit (the "Placing Price"). Each Unit comprises one new Ordinary Share of 5.0 pence each and one sixth of a share purchase warrant whereby each whole warrant (a "Warrant") entitles the holder to subscribe for one new Ordinary Share at a price of 15.0 pence at any time for a period of two years expiring 23 January 2014. The new Ordinary Shares issued pursuant to the Placing (the "Placing Shares") represent 29.9% of the enlarged share capital of the Company. The Placing is conditional on the new Ordinary Shares being admitted to trading on the TSX and AIM. Application has been made to both the TSX and AIM for the new Ordinary Shares to be admitted to trading.

You should have a look at UEN, undervalued , still reckon BAO will hit 30p sometime in Febuary with 500mt resource due, unless Greece defaults. I bought in here the otherday should have waited but it will come good

50,000 Oz of gold for a year is very good, VGM is a no brainer

They have appealed and expect fine to be reduced but outcome unknown as yet

Agree crazy price

RNS 16 January 2012 Hambledon Mining Plc (“Hambledon” or the “Company”) Activities Report for the Quarter Ended 31 December 2011 Hambledon Mining plc (AIM: HMB), the Kazakhstan gold mining and development company, today reports on its operations and corporate highlights for the three months from 1 October to 31 December 2011. A copy of this report will be available on the Company’s website, www.hambledon-mining.com. Operational and Corporate Highlights: •Initial contribution from underground ore increased overall Au grade by 22 per cent. compared to quarterly results in Q3 2011; Crushing and screening plant performing exceptionally well during winter period; •Excess waste ore removal to be completed by beginning of Q2 2012; •Senior on-site Project Manager recruited; •Fines for tailings dam 3 appealed against, hearing now set for end January; •Akmola Gold: Antimonopoly commission consent received, acquisition nearing completion •EBRD negotiations being finalised

Thats over 2000 Oz production per month for HMB,

Good luck to Budsy , however there is no contest between HMB and ANGM. ANGM has only produced 3000 Oz since MAy 2011. which works out at about 350 Oz per month compared to HMB 2000 Oz soon to move up to 3000 Oz in 2012. ANGM has huge debt of $23 million and has a loan extended on this debt until the end of 2012 but at some point ANGM will have to dilute (issue more shares to pay off the debt, it wont scratch the surface with its limited gold production) HMB has a fine of $1million to pay which it is apealing against ,However we have no debt and are producing good amounts of gold every month. HMB can easily pay the fine and we have known about the situation since November. Monthly income on 2000 Oz per month x gold value at $1200 (after costs) = $3.4 million per month profit before tax HMB is the better investment by far. IMHO, DYOR

http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=HMB:LSE

http://www.hambledon-mining.com/investor-relations/aim-rule-26

http://www.growthcompany.co.uk/company-profiles/h/1026347/hambledon-mining.thtml

http://www.presentation-matters.co.uk/web/minesite/webcasts/84th_Minesite_forum/84th_minesite_mining_forum_Hambledon.html

“Gold mining shares are still equities, so they are determined by the equity market as a whole, not just gold,” said Wong. “The performance of equities in a bear market is bad. Once there is some stability and people are prepared to take risks, I see that there will be a massive move.”

http://www.bloomberg.com/news/2011-11-30/gold-shares-cheapest-since-2002-are-coiled-spring-for-rally-commodities.html