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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 Apr 02, 2012 1:12pm
460 Views
Post# 19748434

Clarification

Clarification

I was looking for 2.4 Moz - 2.7 Moz of gold @ 0.55~ g/t au....

 

That was marginally mine-able gold unless they have very good continuation across the open-pit but a good amount of it...

 

This resource is far higher grades like Tomm stated so while it was far lower than my estimate it's far higher quality gold.  Over 1 Moz is all that's needed for a substantial open-pit resource when it's above 1 g/t au and in the location Granada sits.

 

PEA should be interesting but if GBB can convince a financier to do a forward gold-sales program and get working on mill there could be a real turnaround here... easily 10 yrs of milling @ 50k ozs a year @ $450~ cash costs with this resource or about $500 M in revenue on a $30 M company if they can come up with $10-$12 M to get a mill in place

Bullboard Posts