Please see S/Tele Share Tips belivies that griffin has had talks with Anglo American & also Ivanho Mines RE: negotations starting @ 50p with management requiring more per share.!!

I think their then mining expert left to join a broker and the replacement, (if they have one!) is in the 'not invented here' camp so is trying to look at new stocks. Editor's comment on that letter seemed to imply no criticism was accepted.
More to the point at least the shares rose yesterday. Does anyone have a view on my question I posted the other day when I reforecast what I think the EPS is with the current zinc price? Looking at PE's for explorers, producers and almost any other company in the metals business points to GFM being undervalued by a considerable margin.

Sharesure,

Now that sounds very feasible IMO.

Shame that he would avoid a good stock just because it was picked by his predecessor though.

Next week I would think the company will produce a statement to confirm that the works have been completed and that production from the ore they have stockpiled will commence on schedule in May. Friday's 2p rise: either a response to activity on this BB? or possibly a Sunday paper will give them a mention as they are now on the point of becoming revenue producing.

According to another bb GFM have a small write-up in one of todays rags
stating that the Chinese gov. have extended our 3 year exploration licence
to 15 years....

Dibb,
Thanks for that news.

Here is the articel mentioned in post 131 above

CHINESE gold miner Afcan will announce tomorrow that it is to join the Alternative Investment Market in a placing arranged by broker Seymour Pierce.


The company, which already has a Toronto Stock Exchange listing, is raising at least 11.6m to fund development of a major opencast gold mine in Qinghai, one of China's most remote provinces.


Chief executive David Netherway said the Tanjianshan mine had proven resources of about a million ounces, with mining due to start this year. 'The Chinese market will soak up everything that can be produced,' he said.


Afcan is partnered with the Qinghai provincial government and as a result the mine will benefit from new roads and power lines being built to the site.


Aim-listed Griffin Mining is expected to announce that the government of China has extended its licence to mine zinc and gold from three years to 15. Griffin's mine, 125 miles from Beijing, is to start operating within the next two weeks.


Shares in Griffin rose a penny last week to close at 34p, valuing the whole group at just over 60m.


VERY POSITIVE !!

Pumben
Which paper was that in? I understood GFM already had rights running well into the future (beyond 12 years at least). Could the paper have been confused with the possibility that the Chinese have been asked, and now maybe have, extended their licence area to cover more than the 68sq. kms. they have been drilling in. Can you cut and paste the article on here?

The article was in the Sunday Mail today

And they were right! Extended to 2020, combined with the mine opening/commission, we should have 'lift off'!

Just seen the RNS. Good news. There are more opportunities for the newsflow to continue because I had heard that the licence extension area is also being considered by the Chinese.

Please see Griffin website on Minesite it gives the press release stating the licence has been continued untill 2020for a futher 15yrs>has only been released today.

Griffin Mining Ld
26 April 2005

26th APRIL 2005


GRIFFIN ANNOUNCES START OF 'DRY COMMISSIONING' ON SCHEDULE AT THE CAIJIAYING
MINE, CHINA

Griffin Mining Limited ('Griffin or the 'Company') is extremely pleased to
announce that pursuant to the announcement made by the Company on 5th April
2005, dry commissioning of the Caijiaying plant has now commenced on schedule.

Further information

Mladen Ninkov - Chairman Telephone: +44(0) 20 7629 7772
Roger Goodwin - Finance Director
Griffin Mining Limited

Philip Davies Telephone: +44(0) 20 7953 2000
Charles Stanley & Company Limited

Hugo de Salis Telephone: +44(0) 20 7242 4477
St Brides Media & Finance Ltd

Griffin Mining Limited's shares are quoted on the Alternative Investment Market
(AIM) of the London Stock Exchange (symbol GFM).

Further information on Griffin Mining Ltd is available on the Company's web
site:
www.griffinmining.com