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Granada Gold Mine Inc. V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior mining and exploration company. The Company is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the Cadillac Break. The Granada Gold Property is located five kilometers south of the mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The Company owns about 14.73 square kilometers of land in a combination of mining leases and claims. This near-surface and underground gold deposit, with the added discovery of a Rubidium (alkali metal) deposit, is located 15 minutes from Rouyn-Noranda, Quebec.


TSXV:GGM - Post by User

Bullboard Posts
Post by taylor1988on Mar 25, 2011 10:38am
451 Views
Post# 18340011

Valuations

ValuationsI'd completely agree with you, we all know what have here it's just a matter of adding up the tonnage with the drills and getting back results.  Even with 300 M shares outstanding 2 years from now we'll be looking at a deposit with over 10 million ounces between a deeper and wider Block Model and our massive Eastern Extension and Aukeko Shaft.  10 Moz in Quebec is going to command a $175/per oz valuation minimum and if you think gold's going higher that number only increases.

10 X $175/oz = $1.75 B = $5.83 a share

That's assuming our Castle Silver Mine is a wash and we hit some low credits and move on or distcontinue the project.

This story's a no-brainer and always has been with the land package Frank's assembled in the most sought after region in Canada. I'll admit to flipping GBB before in the Fall between drill results but I'm certainly doing nothing but buying when our market cap is 1/5 what Brett Resources was taken over by Osisko for one year ago this month and I believe a deposit that mirror theirs with the outstanding drill results to come. 
Bullboard Posts