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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: jackjc who wrote (22422)	10/6/2006 2:34:58 PM
From: loantech	Read Replies (1) \| Respond to of 78418

jack I reviewed the GGN website very carefully the last few days. <G-07 515 1,071 556 0.100 0.38 157 326 169 3.43 13.03> gryphongold.com 169 meters of 3.43 gold and looking for more. From their drill hole map I think they may have a chance of hitting more.

To: jackjc who wrote (22422)	10/6/2006 3:07:31 PM
From: Mr. Aloha	Respond to of 78418

<< Supply has been increased over 40% in the past 10 yrs. But it has not been enough, and the new Asian demand has caught the producers unprepared with not enough new mines coming onstream.>> Chinese demand increased over 40% in 2004-2005 alone. Those saying the U.S. housing recession will kill base metal demand have no clue when it comes to zinc, where Asia already consumes 5 times as much zinc as the U.S. The growth in demand in Asia would swamp even a total collapse in U.S. demand. Even if there were constant or slightly declining global demand, there's still not enough supply, as shown by the disappearing zinc warehouse levels. With the growth in Asia more than offsetting the slowdown in U.S. demand, those warehouse levels will continue to disappear until a crisis causes a move like copper and nickel had when their warehouse levels dropped very low. With so few sizable zinc projects in the pipeline, inelasticity of demand to price (zinc is usually only a small % of the cost of products), and low substitutability, the supply/demand situation for zinc is much more severe than that of other metals. The biggest late-stage zinc project in the world that's in a politically safe area is going to be extremely valuable in this environment, with many cash-rich majors wanting to buy it out upon completion of the feasibility study.