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Gryphon Gold Corp GYPHQ

Metals & Mining Gold
Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.


GREY:GYPHQ - Post by User

Gryphon Gold Corp
Bullboard Posts
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(10)
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Post by red911on Nov 23, 2011 7:05pm
216 Views
Post# 19262743

Revenue!...

Revenue!..."The carbon columns were activated in early October and the first loaded carbon was shipped to Just Refiners Inc. in Reno, Nev., on Oct. 13, 2011. "... "Final settlement assays routinely require the use of third party independent evaluators, and the final payments to Gryphon Gold are expected six to seven weeks from the shipment date."

Since shipment date week 6 ends and week 7 begins tomorrow.  Start-up issues or not the thought of finally becoming cash flow positive within a week is a huge step.  They'll figure out the hiccups and I think the market knows this.

red911
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities