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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 Precious1on Nov 16, 2011 9:32pm
444 Views
Post# 19243694

We will need a final small dilution yet

We will need a final small dilution yet

I think that we will need a small bit of dilution about 2-3 million to move forward

We need the envoirmental permit before we can start milling [approx 2 months]

We will not see any money from milling for an additional 3 months [mid April]

A lot of the work has been done on the 43-101 by Genivar so likely Mid February to the end of February

We know for sure that the 101 will be done before the AGM meeting in March or Frank may be in jeopardy

We will see the PEA report by the end of March

We will only be able to monetize about 3.3 million of our government rebate monies

The bank will only lend 75% or 2.2 million [guess they don't trust the government either]

After the 43-101 & the PEA reports & the money is available from the milling then we will really start to fly

Frank PLEASE find some PRIVATE money to bridge the gap to the 43-101 without more dilution

Bullboard Posts