The Bank of China International is forecasting Sino Gold"s share price to increase from HK$35 to HK$53.

A bank analysis on the company says that Sino Gold is expected to post an earnings turnaround in the second half of this year with maiden contribution from its Jinfeng mine, in Guizhou Province, southwestern China.

The analysis expects the company to deliver a net profit increase of 115% for 2007-09 with the ramp up in Jinfeng and the production at White Mountain from the end of next year.

Sino Gold has mineral resources of 4.6 million ounces of gold and ore reserves of 2.8 million ounces.

Using Jinfeng as its flagship mine, Sino Gold has three exploration teams across the rich gold areas of China. The three are the northern team, covering an area spanning from Xinjiang to Heilongjiang and Jilin provinces, the Shandong team and the Golden Triangle team, which is responsible for projects in Yunnan, Guizhou provinces and Guangxi.

With the advantage of an experienced international management team and strategic alliance with Gold Fields, Sino Gold is one of the most successful foreign gold-mining companies to benefit from the burgeoning growth in China's gold sector.