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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 Sep 12, 2012 1:25pm
325 Views
Post# 20352962

Milling Timeline & Self Financing

Milling Timeline & Self Financing

Here is what I see as a timeline to milling & the start of self financing this project

1] Pre feasibility study 2 months {complete mid November}

2] If study is favorable select 1 of the 5 local mills  which currently have available capacity for around 1000 tonnes / day & sign a contract {Likely start 1st week of the new year} January 2012. With Xmas holidays out of the way & the freeze up firmly in place, this "new year" startup date seems like a no brainer

3] Since the 43-101 + PEA will have been released by then our SP will be significantly higher We may need a small PP to raise the 1 million "up front money" to start the offsite milling process

4] It will take 3 months from the start of  trucking the ore to see the money start to flow into GBB coffers

5] We will start to see monies arrive April 2013

6] Q2 / 2013 will be the end of dilution & the start of a new more agressive drill plan

Bullboard Posts