Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Dec 11, 2011 4:17pm
356 Views
Post# 19311424

RE: RE: RE: RE: 4+ M/Oz

RE: RE: RE: RE: 4+ M/OzChanging the team doing the 43-101 is not plan B...that's still plan A just with a different team crunching the numbers! A real plan B needs to make GBB independent of the credit markets for as long as needed...how about the shareholder gold purchase program coupled with a road map to open-pit production...enabling them to build a cash warchest big enough to be able to debt finance...and currently, we have no details for either. For phak's sake let's stop discussing how many oz there are in the ground...WE ALL KNOW THERE'S LOTS. For phak's sake, let's stop talking about how good it will be if/when the stock re-rates upwards when the 43-101 comes out...BECAUSE IT MIGHT NOT. Let's spend our time talking about the economics of the bulk sample/shareholder gold purchase program coupled with a low-grade open-pit mining operation that builds cash. Some of you out there are savvy enough about mining and savvy enough about GBB to be able to suggest an alternative way forward that doesn't involve SIGNIFICANT DILUTION. So for starters, I reckon it should involves forward selling the 4-5k oz in the bulk sample to existing shareholders for $1000 an oz. Sign me up for 50 oz minimum. I reckon that nets the company $2.5m in 6 months. Then what next? Don't forget...management can jettison Plan B and go back to Plan A at any time that the market wakes up...in fact, I have a sneaky suspicion that Plan B WILL MAKE THE MARKET WAKE UP!! Eldorado was in no hurry to approach EGU. Then EGU confirmed it had all the cash it needed to finance mine development et voila...Eldorado gets in touch. C'mon people! Stop thinking oz...start thinking Plan B!! just widenin' the discussion...sjm
Bullboard Posts