Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
User Avatar Image
(10)
•••
Post by red911on Sep 26, 2012 9:24am
252 Views
Post# 20415018

It's Go Time...

It's Go Time...

The plan is to produce 2-2.5K oz Au/month at $700/oz Au by December 2012 (within 3 months).  Roughly speaking this translates into $2-2.5M/month free cash.  Remember this is still based on processing heaps and dumps.  They also plan to start virgin ore mining by December 2012 (3 months) which could/will increase recoveries by roughly x2.  Once this new material is stacked and works its way through the circuit they could/will be producing at a rate of at least 3.5-4K oz Au/month at no more than $700/oz Au (should be less with the high grade material producing more ounces as operation will not chage much).  This translates into at least $3.5-4M/month in free cash.  They should now definitievly have enough money to get there.  And, hopefully along the way share price appreciates and warrants are exercised and more cash comes in.  

Would seem the $900K/month debt payment will not be an issue if they execute this plan.  They have proven they can get loans from Waterton now IT IS TIME TO EXECUTE. 

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities