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.!!

Thanks Aldwick

'The Business', 27th. February 2005.

Valued at 64m. Griffin Mining is tiny by international standards but has ventured where mining giants fear to tread. The company has built the first foreign owned and operated mine in China in 100 years, an exercise only possible due to new mining laws six years ago.
Griffin's main project is the Caijiaying zinc-gold mine in Hebei province ,125 miles from Beijing. The company has a 60% stake in the venture, with local interests owning the rest. Under an agreement Griffin will be allowed to take all of the cash generated by the mine in the first three years. The company's share of the bargain is to invest up to 11m. in the development, which should be commissioned in April. The mine will then begin processing 200,000 tons of ore a year to produce 23,000 tons of zinc, gold and associated metals for at least 14 years.
The resource at Caijiaying haas been estimated at up to 23m tons of zinc and up to 2.6m. tons of gold (I THINK THEY GOT THE FIGURES WRONG HERE, BUT I WISH THEY WERE TRUE) by independent consultants. The political risk of operating in China is hard to guage, but unlike Russia, China is relying heavily on outside backing. This strengthens the position of companies such as Griffin with sound legal title and Chinese partners.
Metal prices have been rising. Investors might ask how long this can go on. In the case of zinc the answer is some time. The metal has a wide number of uses, including the galvanising of steel and demand has been rising for thirty years. Zinc is trading on the L.M.E. at more than $1200 a ton. But this is nowhere near it's high. The metal has seen two big peaks- in 1974 at around $1800 and again in 1989 at around $2000. In real terms that 1974 price equals more than $3600, three times the current market price.
In the long term the economics of mining zinc are complicated by the threat that a price surge will increase metal output and by the interdependence on the prices of lead and silver, with which it is often mined.
With the main goal acheived and cash coming in, the management can begin looking more closely at the gold prospects within Griffin's existing licences and at the potential partnerships brought to the business. This raises the possibility that the company will attract another sizeable mining project elsewhere in the country within the year.
Griffin's shares have risen strongly since September 2004, almost doubling in value, but with strength in the mining sector there could be much more to go for. Speculative buy.

We're moving up!
:>)
Keep that prayer going!!

Suffering profit taking today :>(

I don't like to see a bunny suffering.

So have some carrots.

much thanks Aldwickk!
(munch - munch)
Spaghetti is on the menu in the coffee house if you feel like
a little light lunch :>)

SHARE WHISPER: GRIFFIN MINING (gossips say Canadian firm Ivanhoe could be lining up an approach north of 50p a share

aldwickk

From today's Express:

"GRIFFIN MINING (gossips say Canadian firm Ivanhoe could be lining up an approach north of 50 pence a share)"

Hmmm well that should move the price the right way for a while anyway
even if it's a load of rubbish and comes to nothing!
I wondered why it had regained yesterday's loss so fast! LOL

Well that was brief..is the rumour over now?
LOL - hopefully we can rebound again later!
;>)

A lot of buys being shown as sells.
Can currently buy below mid price @ 36.25p

This is similar to yesterdays trades, as well.
Could buy @ 36.43p yesterday @ 36.5p mid.

We'll have to see how things progress.
:>)

Should end the day at 40p.

Interesting thought - haven't checked stockwatch for a while
so out of touch with current price, is that wistful thinking
or is it going well aldwickk?

Hmm just checked, maybe not today aldwickk but it's still
going along well!

A post from the other side;

Thoughts on Caijiaying project in China...

Politically stable country
Very low security risk
Very low labour costs
Very low tax bands (see accounts)

Zinc/Gold products in demand locally and globally
Improved product prices since feasibility report Sept03
Site preparation begins Oct03
Photographs at GFM website confirm construction progress
Mine commission starts very soon, spring 2005

Project fully financed
Most recent placing Feb04 c9m @ 25p
3-stage incentive for directors 9.5m options priced 30p
$20m cash ending June, $16m for mine
3yr 100% cashflow = incentive for high productivity

Phase I (zone III) planned 200K tonnes ore/annum increasing to 500K
200K ore yields 22K zinc metal + gold for free
500koz Gold in Zone III alone, planned for phase I
Further underground drilling expected to enhance resources

Hebei Hua-Ao (trading subsidiary) is forecasted to be
4th biggest zinc producer in China (based on 22K tonne zinc)

No debts
No forward contracts
Future exploration funds expected from organic growth

Plenty of scope for further exploration success

Gold zones within zone III
Prove up additional gold blocks to be mined (not in original plan)
Proving wider zinc lodes III
Pre-production mining underground (to increase throughput asap)
Surrounding Prospects
Primarily zone V for Gold, Zone II awaits info between II and III
Between Zones III and II
Indications of connecting system
Re-evaluate original license area
Use acquired knowledge (historical data and new targets)
Regional Epithermal gold exploration
For additional separate projects

Announcements due in 2005: expected news from zone II/III drilling and Geo-physical survey over the regional exploration licence area.

"The Company believes that with the commissioning of the first, majority foreign
owned mine in the PRC at Caijiaying, the possibility exists for other world class
projects to be offered to Griffin by various arms of the PRCs local, provincial
and central governments for development, modernisation and operation.

The commissioning of Caijiaying lays the foundation not only for Griffin to become
a profitable mining company, but also gives it the potential to further expand its
influence in the mining sector of the worlds largest mineral producer"

Cheers Dynamite for posting that, good news!
:>)

What's this about:

RAB CAPITAL secretly sells its stake of almost 15 pct in GRIFFIN MINING without formally notifying the company - Sunday Telegraph

Are they allowed to do that?