Gryphon Gold Corp GYPHQ

Metals & Mining Gold

Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.

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Gryphon Gold Corp

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Comment by archimedes0070on Mar 09, 2011 3:48pm

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Post# 18260771

RE: RE: RE: 15 cents?!...

red911,

Always think of the bigger picture. This company, as far as I am concerned, has everything going for it. It simply needs a financing. With a financing it will eventually be valued a lot higher imo. Therefore, imo, the financing is key, the price is not (within reason). We'll see. A 0.20 pricing makes more sense, and that may still happen with an updated PFS that is attractive.

Anyway, this is very unusual volume. Last fall when GGN rose on slightly unusual volume the regulators reversed all of the trades. Now we have *highly* unusual volume and the stock has fallen without any news. We'll see how the regulators handle this case.

Possibility R: maybe a broker wanted a piece of the PO for syndication and they did not get it and they decided to dump their stock? If you follow the selling you can probably guess who that broker might be. Again, we'll see what the regulators do this time, as the last time was handled oddly imo.

If the regulators follow their own internal procedures, then this volume on no news is drastically different than the scenario last fall and should warrant a peak.

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