GRIFFIN Mining - Chinese Zinc & Gold (Moderated)

Hi Tyler,

Agreed 'if' there is a strong RNS on resources or resurfacing of buyout ruumours this will go up. But if not i think a drift back to the late 90s over the next couple of weeks is inevitable.

I still hold a couple of thousand shares so won't be upset to see a surge but and I will be a buyer again at sub 98.

RE HBM I do think they are comparable as they both produce zinc, silver and gold although HBM does have a significant earnings from copper which is of course out of favour at the moment. Taking out cash and based on on last quarters earnings HBM is on a PE of sub 4 and has expansion in progress.

This is not a ramp as it would be pointless to ramp TSX shares here! I just think its worth looking at the valuation of peers when assessing price targets.