RE: Beijing give go ahead on Expansion11 Jul 2018 11:16
No debt, major cash in bank and now given the go ahead to make strides to open up a 2nd new zone with processing plant inplace.
Griffin Mining is one big cash cow. Many investors would avoid due to previous experiences of Beijing control ie GGD GDL mess, but the government are showing a clear sign now they actively want Griffin to proceed AND it just the fact its unsexy zinc.
I urge anyone to look not just to look at a 1 year chart but look at the chart for 3 years !!!
Tell me thats not growth of a sector ?
MGX Lithium ( and zinc ) in Canada are pushing ahead with Zinc air Atomotive EV car batteries amongst others. This is cutting edge tech and just the start of a new cycle zinc demand that is nowhere near beung factored in !
The Chinese are driving literally the demand surge of EV cars, latest €250Billion into Germany signed on Monday in Berlin for a battery factory. This will increase competition and ensure the demand for lithium and cobalt rise to new heights. Panasonic and Tesla are already looking to remove cobalt now being too expensive to put into batteries !
The zinc story has not just 2 legs but 4 legs to run.
Watch this space.