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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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Comment by red911on Feb 18, 2012 9:00am
294 Views
Post# 19553546

RE: Cash Situation...

RE: Cash Situation...Then it is also possible they are just selling loaded carbon in raw state and not waiting for it to be processed. That would probably give them a little less cash but it would be immediate. Probably a better option for them now if available. Is it possible they have enough loaded carbon stored and coming in to finance ADR completion? I don't think there is much if any equip left to purchase. The original plan was completion Feb 1 and then commissioning starts, which can take weeks. Now they say "fully-operational" by mid to late Mar... does this include commissioning? In which case maybe ADR is from a construction standpoint 'complete'? So many questions. AN UPDATE TO CONSTRUCTION PROGRESS WOULD HELP.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities