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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 May 30, 2012 6:43am
207 Views
Post# 19959536

RE: RE: RE: RE: RE: Website...

RE: RE: RE: RE: RE: Website...I agree... silence has never been a positive for any stock I have ever held. Is it different time? No idea. I base a lot of my optimism solely on the few details we have received since production has been 'fixed'. Namely the last NR which states 'At this level, we estimate that we will be able to cover our fixed costs and generate sufficient cash to begin to strengthen our balance sheet, increase our assets and invest in expanded production capacity'. Although details scarce, that to me sounds like they are cash flow positive after the first real month of startup production. That is a huge accomplishment from where we have been IMO. Cash flow positive to the point they can start a drill program and openly state they have enough to sustain investing in production expansion. All juniors have been killed but IMO the few money making internally financed juniors will eventually buck that trend. GGN should be in that category. Probably the smartest thing they could do in this market is to keep their head down and 'get it done'. Frustrating for long longs but probably a great strategy. Based on what we have heard they are now getting it done. Worst case... GGNs FY Q1 2012 (ending Jun) should have 'earnings'. That will be hard for the market to ignore.>
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