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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
Post by miktoneon Dec 10, 2011 12:46pm
389 Views
Post# 19310019

valuation

valuation3 million ounces, values at 50 per ounce puts us at 1.00, my understanding is that the valuation raises when the ounces do. This should be within reach on the first or second RE, but if it is the second RE we probably will have cheap dillution. Funny, remember how pissed we were when they did that cheap  dillution at .54? How things change...
Bullboard Posts