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Granada Gold Mine Inc. V.GGM

Alternate Symbol(s):  GBBFF

Metals & Mining Gold
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

Granada Gold Mine Inc.
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Comment by Precious1on Nov 09, 2011 11:56am
347 Views
Post# 19222572

RE: Further Dilution

RE: Further Dilution

You don't do a press release concerning money when you are not close to needing money

They still have money in the bank, they ahve the 4.5 million dollars they can use or borrow against

They have 1 million coming from Castle silver in a few months

Milling as stated will only be started after a hard freeze so trucks can be "double loaded"

We are NOT using any funds right now as our burn rate is very , very small since we are NOT drilling

We have a ton of cores to catch up on, with this small of a burn rate money is cetainly NOT an issue

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities