
JINSHAN GOLD MINES -
TECH REPORTS - ANALYST PICKS -
MANAGEMENT
GEOPOLITICAL RISK
Study Worksheet Prepared by 49th West Investors Group

DISCLOSURE: 49th West
Investors Group does not trade in and out of gold stocks; rather we buy
percentages of the company and hold until the company is sold or fair
value is attained. We seek and buy undervalued non-hedged junior gold
producers or near term producers. We use a 325 DMA (daily moving
average) gold price in all of our target price models. The information
and opinions in this report is prepared by a private investors group.
The reader should assume that our private investors group may have a
conflict of interest and should not rely solely on this report in
evaluating whether or not to buy or sell securities of issuers discussed
herein. The opinions, estimates and projections contained in this report
are those of a private investors group as of the date of this report and
are subject to change without notice. We endeavor to ensure that the
contents have been compiled or derived from sources that we believe are
reliable and contain information and opinions that are accurate and
complete. However, we make no representation or warranty, express or
implied, in respect thereof, takes no responsibility for any errors and
omissions contained herein and accepts no liability whatsoever for any
loss arising from any use of, or reliance on, this analysis or its
contents. The information in this report is not intended to be used as
the primary basis of investment decisions, and because of individual
investor objectives, should not be construed as advice designed to meet
the particular investment needs of any investor.