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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 steadfaston Dec 12, 2011 4:06pm
397 Views
Post# 19314532

What to Do Next

What to Do Next Skipjackmack:If I were the CEO of GBB, what would I do next? Difficult question.#1 Arrange to borrow up to 75% of Prov Grant $2,300,000 Once Castle PP complete, get money owing GBB 300,000I now have $2,600,000. before Dec 31, 2011As I am really not the CEO, I do not know approximate cost of 43-101,Environmental Report & PEA. Anyone like to give an estimate?#2 Based on the above #, do I have enough money to order a drill rig,which needs to be ordered now and they expect cash up front. Our Plan A was to drill 800,000 mtrs, we have only drilled 80,000 mtrs or 10%.#3 If it is legal and I am not breaching Insider Info. I do not know for sure the # that will be in 43-101, I have a good idea, so I will start NOW to arrange meetings with Institutions and ask for probably $10 M, I need $7M to purchase a Mill, which will take 12 months to build. GBB will pay back the loan in gold bullion. Scorpio Mining did this in Nevada. It worked for them. I realize there will be no loan, until 43-101 is released, but I could get the legwork done now to expedite the loan, once the 43-101 is released. I am optimistic we have a MINE IN THE MAKING.#4 Once the PEA is complete, you can move M&I into Proven Resource. My goal for the 43-101 is to have as much in M&I as possible.#5 I have 80,000 piled up waiting to go, but I need an Environment Report,Permits and $1.5M. #6 My preference is #3 rather than a PP.OK, let's see what others would do. All comments appreciated.
Bullboard Posts