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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Metals & Mining Gold
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

Granada Gold Mine Inc
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Comment by frizzerson Feb 21, 2011 6:18am
575 Views
Post# 18168181

RE: RE: RE: YRB.A buying

RE: RE: RE: YRB.A buyingGood post longrider,
Even if they have only 2 million ounces, with a market cap of $80m I make that $40 an ounce in the ground. Not all ounces are created equal and this is low grade, but it is also in a good jurisdiction, and I make that extremely cheap compared to others.
If they have 5m ounces then you are talking about $16 an ounce with an 80 million market cap.
Similar situations have been valued at $160 per in the ground ounce, which makes GBB a potential 10-bagger from here ...
And if they have 15 million ounces, well ...
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