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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 taylor1988on Nov 08, 2010 5:00pm
439 Views
Post# 17676334

RE: RE: Talked to Roger

RE: RE: Talked to RogerGBB has had exploration updates in between assay results as they comment on how many metres have been drilled as well as interesting holes and cores out east or wherever else but they're not going to come out every 2 weeks and say the labs are busy, it's obviously the same story it's been all summer.  50,000 metre*** drill program and as Geer stated it's very easy to when you've got Genivar on your side and they're liking the cores that are coming out of the ground.  If they're continuing to hit mineralization, why would they stop drilling? If the labs are bad now they're not going to be getting much better, personally I'm much happier they started drilling if they're that confident with that they see.
I'd be a much more bitter shareholder if they say well our 25,000 metres are done, we're gonna sit now and wait for assay results, at least they're doing something.. if they did wait for all the remaining assay results we'd be looking at our drill program getting started in January and then Phase 3 results at best coming in by August or Septmeber.  This way we've got a 43-101 for the Block Model to look forward to, Phase 2 assay results and Phase 3 cores/drilling updates.  It's not crazy nor too much hype to say this could turn into a Malartic type deposit like Osisko has and while it may seem crazy that GBB is trading at where it is, if you look at OSK with a price of gold of ONLY $700 they managed to soar from
.60 in December 2005 to $4.50 in December of 2006, this is a play that's best to put away and forget about, torturing yourself daily checking drill results will only encourage you to sell and frustrate you more, just forget you have the shares for a month and you'll thank yourself later.  Also BMR releases may seem to "hype" GBB, but they've also gone on 3 site visits more than you have, have read through countless documents on the geology of the Granada Property and have put their website's reputation completely on the line with a record so far of close to 130% gains on the year avg for their original portfolio.
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