Updates

Griffin Mining - Broker's price target is 85p

April 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Griffin Mining jumped sharply after it announced a very encouraging set of exploration results at its Caijiaying zinc and gold mine in Northern China. The highlights of the various samples include nearly 23 metres at a grade of 8.4 g/t gold and 6.4% zinc and 8.8 metres at 19.2g/t gold and 7.7% zinc. Broker Collins Stewart points out that these results came from an intersection right underneath the current mine and would therefore be accessed later in the operation’s life. The results also suggest that the gold mineralization at Caijiaying is both larger and of higher grade than Griffin’s resource estimates suggested. Newsflow should continue to be lively over the next few months. As well as continuing its ex ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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