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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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Post by red911on May 03, 2012 10:02am
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Post# 19865755

M&A...

M&A...

Given our new senior secured debt deal (and exclusive gold sale agreement) with Waterton and the covenants that go along with it... it would seem very unlikely any other company and/or partner would want or would be able to join forces with or acquire/merge with GGN.  Possible sure, but would seem to require Waterton's approval.  Same situation is also true for SGN... even moreso now that Waterton bought GPXMs 30% stake in Mineral Ridge earlier this week.  BUT... it would seem to be completely possible, plausible and desireable that Waterton could/would encourage and approve M&A between SGN and GGN, given economies and efficiencies that could/would be realized.  Maybe they would also approve combination of even more 'similar' Waterton companies in the area (Jipangu?).  All of this would seem to make perfect sense and (assuming fair terms) could be to the benefit of shareholders (Waterton included).  IMO this would seem to be the only possible way for GGN to expand via M&A anytime in the near-term.  Otherwise we plug away heap leaching and drilling... which is fine too.

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