GREY:GYPHQ - Post by User
Comment by
poservon Dec 06, 2007 3:10pm
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Post# 13927315
RE: RE: RE: RE: Help me out here
RE: RE: RE: RE: Help me out hereA number of investors were burned last year on this play and i think that some find it hard to believe the board of ggn when it comes to news releases/ general credibility of the board is the issue.
It's the term to production factor that really lets us down here, remember we are fully permitted. But are still 3 years away from production! Why i hear you ask........the answer is the resource cost estimate; too expensive at borealis for 700,000 ounces.
The plus side is that we're extending the mineralized zone and have most recently acquired a vast amount of new prospects which could in the future be leased to smaller venture co's or used by us.
This new change in direction away from production at borealis has totally changed the game plan for many who thought they were on board for near term production.