Gryphon Gold Corp GYPHQ

RE: RE: RE: RE: RE: $8 EV/Oz...

[paperboy222]

Here is what is known for sure....

Gryphon Gold is a Nevada-focused gold exploration and potentially a production company. Its principal gold resource, the 1.4 million ounce =====(measured and indicated)=== and 1.1 million ounce (inferred) Borealis deposits, is located in the Walker Lane gold belt of western Nevada. The Borealis gold system is one of the largest known volcanic-hosted high-sulphidation gold bearing mineralized systems in Nevada

The SEC has not mandated GGN to refile an or issue an correction to the above pubilis inofrmation.. Nor the following as well.. I like to stick to whats in print...When doing my DD>>>> rather than message board dribe from someone who is not even a shareholder...


On October 21, 2010, the Company announced that the Board of Directors
    had developed a strategy that it believes will expedite the Borealis
    Heap Leach Project production timeline, assuming adequate financing and
    regulatory approval. The focus of this strategic direction will be to
    finalize certain critical data pertaining to the Freedom Flats Re-Leach
    and secure the financing for a scaled down version of the start-up of
    mining operation. The scaled down version is based on staging the
    capital requirements set out in the September 17, 2009 Pre-Feasibility
    Study which forms part of the technical report described below ("NI 43-
    101 Pre-Feasibility Study of the Mineral Resources of the Borealis Gold
    Project Located in Mineral County, Nevada, USA").

This direction is expected to result in a scaled down production model that is projected
 to produce positive cash flow in a timeframe of three to four months after breaking ground.




--  On November 3, 2010, the Company announced that it had received the
    approval of Amendment 5 of the Plan of Operation for the Borealis Mine
    Site from the United States Forest Service. This amendment is the final
approval required to allow sample collection for the confirmation of the
    Freedom Flats Re-Leach data. This data will include both grade and
    metallurgical recovery of gold from the Freedom Flats stockpile

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Again The SEC has not Required a retractment /correction of the above and The Financing will happen and KIWI will walk the lonely isle that so many weak  bashers exit at.....



Cheers