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3,312 Posts.
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27/07/11
00:20
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re: Ann: Norton to raise $27.7m at 31% premiu...
http://en.wikipedia.org/wiki/Zijin_Mining
From wiki, it seems Zijin currently produce 69 ton of gold a year. That is 2.2 million ounces of production.
Realistically this is as monumental as a company like NCM buying into NGF at a 30% premium.
This is a serious world player on the gold scene, not some investment fund looking to make a quick buck by flipping shares.
Still dont think the market has truly absorbed this.
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