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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 longrider1964on Apr 06, 2011 4:24pm
348 Views
Post# 18395498

RE: RE: RE: RE: Castle Silver Mine

RE: RE: RE: RE: Castle Silver MineWOW,
           You must be waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay out of the loop. Argonaut mines Castle mine in mexico is mining at a grade of .4 grams a ton and they are having to move 80 meters of over burden before they get to the gold bearing ore. And they have a production cost of $500 an ounce and are on target to produce 75,000 ounces this year. HMMMM lets see thats 75,000,000 in free cash flow but according to you its NOT ECONOMICAL! Our cost structure would be waaaaaaaaaaaaaaaaaay less as we would be mining on a much larger scale, 500,000 -1,000,000 ounces a year. So my friend when Granada is spewing out all those ounces in a few years and spinning out at least a billion a year in cash flow will be interested to hear your comments then, but alas I think your silence will be thunderous! Good luck and will stick with GBB till all that land has been punched by an RC drill and we all know just how many millions of ounces are down there. And  a very economical ore body!

Longrider
Bullboard Posts