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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 Dec 01, 2011 10:57pm
490 Views
Post# 19285497

GBB

GBBStill here as well. Haven't gone anywhere just waiting for a 43-101 or drill results to discuss, rather than banter back and forth on the board regurgitating the same points I've drilled home so many times that make GBB incredibly attractive at these prices. I greatly appreciate the posters as of late who have stepped up to defend the stock as of late from the endless amount of bashers - I don't know how you can bash a junior with a $30 M market cap and 300 + holes in the ground with a 43-101 on the way when there's juniors trading for more without an economic drill hole yet ground currently but the bashers here have been persistent since day one so I shouldn't be surprised. The most important and impressive news release was released 2 weeks ago and the market completely overlooked it which is very confusing to say the least. "With the documentation of an historic hole: 90-01, the mineralization in this area, north of the current exploration, extends to a depth of approximately 700 metres and remains open in all directions and at depth. Highlights include 1.12g/t Au over 304.36 metres including a 23.55 metre interval grading 5.46 g/t Au." 304 m @ 1.12 g/t au is a very nice hole by low grade bulk tonnage standards and the fact that it extends to depth makes things much more interesting. If you look at Yourbeau's Astoria property which is north of GBB's Granada you will notice that most of Astoria's holes drilled into Astoria begin below 400 m depths and have the best grades. The fact that we have an open-pit of low grade bulk tonnage as well as a new extension to depths of 700 metres that is 400 metres north of the original Block Model is very encouraging. https://media3.marketwire.com/docs/yora0420.jpg oz with 3.9 Moz of gold, TRR trades at $70 / oz with 5 million ounces of gold and GCU trades at $60 / oz with no 43-101 yet, while GBB is worth $9.50 per oz of gold. Even a re-valuation to $25 per oz would mean more than a double in the share price to over 35 cents.
Bullboard Posts