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 30, 2011 9:29pm

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Post# 18364526

RE: RE: RE: Other Companies...

Red911,

You beat me to the punch.

In essence Kiwi3 argues that he does not like GGN because they are not seeking to raise ~$200m, but only $10m. I think GGN's rational, reasonable, scaled plan, which includes raising ~$10m in a PO makes sense. Using Kiwi3's logic maybe he should up the ante even further and argue that GGN's plan will not work unless they seek to raise ~$1 trillion so they can bring to production every gold property on the planet.

Sorry Kiwi3, but your arguments do not make sense and this is another example.

GGN has good assets, good management, and a good plan.

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