Granada Gold Mine Inc V.GGM

Alternate Symbol(s): GBBFF

Metals & Mining Gold

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.

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Granada Gold Mine Inc

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Comment by frizzerson Dec 09, 2011 1:47pm

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Post# 19307991

RE: RE: Value Per Oz

All good points Skip.
I'm talking about current market ... fair market ... and silly market.
I think current market is $30-50 an ounce. In a really good market you get up to $150.
But at $30 an ounce , 1 million ounces gives you a mkt cap of $30 m. 3 m ounces gives you $90m.
Current mkt cap is what $20m? So market is pricing GBB with the expectation of 2/3m ounces.

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