Griffin Mining

GFM is now within 10 days of commencing production and as it has stock piled zinc ore during the mine construction period the company should be in a position to forecast with confidence that it will comfortably beat not only the brokers current forecast but also the later extrapolated projections prepared by me to reflect the prevailing higher zinc price. Those projections were for earnings of 3.33p this year and 12.1p for 2006.
The income will also facilitate a more extensive drilling and exploration programme, not just for more zinc, but also gold so there is scope for a steady and positive news flow after the 15 May production start date and the publication of their results around that time.
The shares have been overlooked by the market as the current price does not reflect the transition from pure exploration company to production/income producing status.

Andy, I was sandwiched between a friend (the one who asked most of the questions - perhaps too many - although being an ex mining director from Canada he does have years of experience) and the company's broker. That was slightly embarassing as I was the one calling for his firm's and the PR firm's replacement. Catch up with you another time. Will have to agree a recognition system!