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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Post by red911on Mar 21, 2012 8:29am
179 Views
Post# 19698575

Market Cap...

Market Cap...

GGN... Market cap of ~$30M... SGN... Market cap of +$100M... Someone remind me again why this is the case?  That's a rhetorical question.  That gap should close significantly with this new financing arrangement and assuming production is progressing.  Borealis has a much larger defined resource and expansion potential than Mineral Ridge.  For GGN to equate SGN in terms of market cap it would trade at about 50 cents... which IMO it chould/should do over the coming weeks as production, expansion, dore news starts to flow.  Agressive drilling should only propel share price from there in the near-term.  JMHO.  

Bullboard Posts