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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 6:58pm
345 Views
Post# 18396099

RE: RE: RE: Andy and other basherx are here

RE: RE: RE: Andy and other basherx are hereHey All,
               We can argue back and forth all day long and the naysayers have their motives whether it be shakin weak hands to build a position or day trade the swings they try and create at the end of the day I think those of us who believe can assume that they will come in with an average grade around .8-1 gram a ton and will have a minimum 300 million tonnes but possibly 2-3 times that which means we are looking at 8 million ounces on the low end and possibly 20 million on the high end. Costs to build mine will be very low as they have no real obstacles and are just down the road from everything they need. Mining costs should be same scenario as it will be a huge operation with massive economies of scale and no overburden to move so will be making money off of every ton moved. You can  argue for the next five years but by that time Granada will be another Osisko and possibly even more! GLTA again!

Longrider
Bullboard Posts