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 see what you mean Starfrog... I hadn't noticed that 200K tonnes to produce 314,250 tonnes of zinc metal plus silver etc. I will look into it.
There must be other references.
Di

I just think they're magic, Dynamite. LOL

Well Griffin are magic but not sure about the figures! LOL

Rising nicely today!
:>)

Interesting article..tks.

Totally OT, guys and gals, but does anyone have any thoughts on SFU? Have restarted the last known thread as it's just come on my radar screen. Take a look at the recent news releases and see what you think. Any comments more than appreciated.

New photo's 5th april on they web site.

Have I missed the point - not much going out in wages by the looks of things !!
This one will come good "my little china"

Oakapples...the point is that Griffin are on time and getting all the equipment in place on time and they are jolly good at keeping the shareholder informed.

Thanks Dynamite good point which I missed - had a very late night watching the "Masters"

Thought...
Wages and overheads paid in the Chinese currency - it's name escapes me!
Rates of pay much lower then in other parts of the world also.

All produce from mine priced in US Dollars....
Chinese currency is 'pegged' against the dollar so not influenced by
market swings which the dollar is.....

So potentially - costs (overheads/wages etc) steady and low, whilst
commodities produced can rise in 'on paper value' (ok they can fall too)
and the worth of the company in terms of its assets (mine production)
can rise in worth without incurring higher costs necessarily,
due to not having as much exposure to the same volatility as other producers elsewhere...

Possibly not making my point very clearly - hey it's monday! - but does
anyone follow my somewhat confusing drift?
I think there could be more upside to this then down.
:>)

Stockbunny - you are not just a pretty face with a nice tail

Oak I thank you but truth is I'm also extremely bad as times at
transferring 'the thought process' to a legible statement! LOL
But I'm glad you could make out the idea amid the waffle!
;>)

Check out eureka mining thread 10x by christmas!

Stockbunny - it's the remninbi (or yuan if you like it simple - yuan it simple, you got it!)

Remninbi is kept artificially low by Chinese gov against US$, so China can export manufactured goods to US. Also, therefore, US$ is high to remninbi, so Zinc sold in US$ makes lots of remninbis.

BUT, most of the mine's production will be used by China, won't it - that's where the demand is and China will not export it only to reimport from elsewhere.

So China has to pay low priced remninbi converted to high priced US$ to buy its own Zinc. The Chinese get no cost advantage.

BUT, GFM make lots of US$ which it has to convert to UK at only about 53p per dollar.

So the net effect of the currency, I believe, is that the profits for shareholders are vulnerable to a weak US$ - just like oil and gold.

However, the chart looks jolly good (who was it got in at 4p!) What was the old up and under in March all about? Even so the steep upward channel from the low at the end of August remains intact. It's gotta go to 50p, hasn't it, on successful commencement of the first smelt (as I beleive it is called in Zinc circles)?

I'm only here 'cos Di taunted me on the SEO thread.

Got no dosh, got no shares.
I'm just a dog that's putting on airs.

woof woof

SD

Well SD in amongst your doggy portfolio you must have a dog or two...You sell a dog and buy GFM and I will sell a dog and buy SEO and we will see which one does better. Woof Woof.

Di :-))))))

Di

Not a bad challenge - let me look at the back of the kennel to see if I can find one!

SD

I too, have had a couple of dogs in the past.
Didn't realise till the morning!

Ahh poor Stock-Doggie, hope your portfolio gets good soon :>)
We all have less then respectable canine holdings in our
portfolios at some time - put it down to experience and look
for your next opportunity!
:>)