Source: http://www.arunthestocksguru.com and BSE Website
1)Deccan gold mine is engaged in the gold exploration sector.Deccan gold has got close to about 10,000 square kilometer of prospective blocks in different states.it has recently started drilling in karnataka
http://www.bseindia.com/xml-data/corpfiling/AttachHis/Deccan_Gold_Mines_Ltd_200510.pdf
2)India produces just 3 tonne of gold per annum as compared to 300 tonne, produced by Australia.Gold mining business is just like the oil exploration business, where there is a high degree of uncertainty involved. Nobody knows whether the amount that is being spent for the exploration process will really yield any results or will have to be written off.But this company is something which can yield windfalls of gains in the long run
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