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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 skipjackmackon Nov 25, 2011 1:38pm
424 Views
Post# 19267786

RE: Thank you all

RE: Thank you allHey there js...any insiders that have exercised 0.12 warrants and haven't sold the shares have effectively made insider purchases...allbeit at a nice discount ;-) Anyone know how many of those warrants Frank still had recently? In terms of cash, GBB had c.$2m+ at last Q...$4m+ due in tax credits from Quebec. So as long as they're being sensible with the cash, so more than enough to get through the 43-101 but the point is what then? What if the sp doesn't leap upwards? XRA has a 43-101 and has published part of it's PEA (next part due in Dec)...and is valued around $7 per Au oz eq in the ground. I really think GBB should come to shareholders and ask for upfront cash for cheap gold from the bulk sample. Who wouldn't want to participate for $1000 per oz upfront for delivery in 6 months? And that'd still presumably net GBB c.$500 per oz after cash costs (???anyone thoughts about likely costs?) or $2m+ if there's 4-5k oz in the waste pile. I forgot to add to my previous post that my contact got the impression from IR that GBB is now really focussed on getting their business-ducks lined up before the April 2012 warrants expire...Quebec tax credit, environmental permits, 43-101...so that's all positive developments still to come through from GBB in the next few months...and I totally agree with you, I don't want them want them wasting any $$$ on publicity when the wider market environment is so risk-averse...just my opinions, dyor...sjm
Bullboard Posts