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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior natural resource company. The principal business of the Company is the acquisition, exploration and development of mineral property interests. 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 from a combination of mining leases and claims. The Granada deposit is a quartz-vein mesothermal gold deposit hosted by late Archean Timiskaming sedimentary rock and younger syenite porphyry dykes.


TSXV:GGM - Post by User

Bullboard Posts
Comment by cigarsailoron Sep 05, 2010 12:52am
361 Views
Post# 17416098

RE: RE: RE: RE: OK, it has been brought to my atte

RE: RE: RE: RE: OK, it has been brought to my atteGranted GNH has a good play but what concerns me is that (1) there appears to be a lot of short discountinuous mineralized zones, and (2) the system is predominately vertical, which does not suggest open-pit potential.  My sense is that due to the lack of existing infrastructure, GNH will have not only a higher CAPEX to bring anything they might delineate to actual production, but also their cost per ounce could be considerably highr than GBB's.  In a nutshell - though GNH may be seeing some high grade intercepts - those higher grades could become offset by higher capital and production costs.  Once they get something substantive delineated, a pre-feasibility will indicate whether the NPV and IRR will make them successful or not.
Bullboard Posts