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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
Comment by taylor1988on Nov 08, 2011 10:45pm
379 Views
Post# 19220912

RE: RE: Congrats

RE: RE: CongratsLet's take advice from the guy who can't even put together a proper sentence. Real opportunities out there? Ya you're right like buying GBB when it's worth $12 / oz of gold when the average for low grade explorers is over $40 / oz. I agree there are several other opportunities out there but at some point when you can buy high-grade juniors for $100 / oz, low grade juniors for $40 / oz or GBB for $12 / oz - the most attractive opportunity becomes GBB. You're bashing GBB and saying no one will ever recoup their losses here and will never break even yet you failed to one solid argument about why GBB is a bad company that will not recover. There are other juniors that have no cash on hand and have had their opportunity to try a Phase 1 drill campaign and have since not been re-financed. GBB completed Phase 1, Phase 2 and Phase 3 and now are sitting on 80,000 metres of core not including historical drilling which will be used to form an initial Resource Estimate. Once again Grayd Resources was bought out for $225 / oz in Mexico for 1.3 million ounces at 0.8 g/t au. GBB is worth $15 / oz in Quebec with a potential for double the resource Grayd Resources had. If you don't see this as an opportunity I'd be interested to know what you're accumulating lately.
Bullboard Posts