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

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Post by red911on Feb 25, 2013 7:16pm

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Post# 21040619

Releach... etc...

Why would you intentionally continue releaching old ore at 1K oz Au per month for more than a year when you know this is not sufficient to meet debt obligations? This when you have defined high-grade virgin ore sitting there waiting to be mined which would likely at least double production? Why would you decide to build a second pad before starting new ore mining and being cash flow positive on the first? Why would you not manage construction/expansion projects so as to limit production disruptions? Why would you finance and continuously refinance debt with a lender you admit is a lender of last resort and at seemingly unpayable rates and terms when other financiers are contacting you offering cash? Why would you not want to own any shares of an emerging Nevada gold producer with a +2M oz Au deposit? So meny questions. If you did all of these things would you expect shareholders to believe losing a 60% interest in your only property was due to a boiler failure?>

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