China Gold Corp, aimed to acquire gold and copper-gold mines in neighboring countries of China, including Russia and Mongolia, Jerry Xie told Reuters on the sidelines of the Mines and Money Conference in Hong Kong on Wednesday.

"We are in talks with 5-6 targets," Xie said, without identifying them.Investment in Chile's mining sector is set to exceed $100 billion
CNMC ties up with China Gold for Malaysian project

(www.businesstimes.com.sg)CNMC said: "The company believes that with the added expertise of China Gold's team, its gold production expansion programme will be carried out even more expeditiously, and thereby, realising CNMC's objective of ramping up gold production The company believes that with the added expertise of China Gold's team, its gold production expansion programme will be carried out even more expeditiously, and thereby, realising CNMC's objective of ramping up gold productionChina Gold will assign a qualified and experienced mine superintendent, mining engineers, production engineers specialising in gold heap leaching operation, as well as mine laboratory technicians to CNMC's Sokor Gold Project located in Kelantan State of Malaysia.

There is speculation that China Gold International will eventually make an offer for Rubicon.

Using the current share price as a baseline, China Gold's offer would be approximately $5 per share ???

Perhaps an updated PEA will be a valuable tool to positively affect the share price before a hostile or friendly offer.

 

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....Mundoro would be a easy deal with no cost to CNG all CNG needs to do is go to 49% of CGG and PUT Maoling Gold Project in the Liaoning Province  in CGG NAME!. CNG  shares would not be forsale if they did that on the deal!  ..CNG OWNS 39% OF CGG!