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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 miktoneon Jun 09, 2011 11:06pm
372 Views
Post# 18696959

RE: RE: GBB-Take Over $1.38 -- $4.50

RE: RE: GBB-Take Over $1.38 -- $4.50I don't thing this type of deposit has had a premium like that, but over the course of the year following the initial 43-101 4.50 is not out of the realm of possibility, It happened when  gold was 800 so it should be more achievable at 1500+. I think that a buyout that is friendly usually has a 20-40 percent premium over the price at the time of the announcement, and that would not satisfy many of the longs here. Open to other opinions on the above. 
Bullboard Posts