Gryphon Gold Corp GYPHQ

Metals & Mining Gold

Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.

GREY:GYPHQ - Post by User

Gryphon Gold Corp

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Post by red911on Feb 07, 2012 1:08pm

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Post# 19500254

POG...

This 2 month delay may turn out to be blessing in disguise if POG continues to move up as strongly as it is today. Break even here predicted to be 1000oz Au at 1500 POG... they did 1000oz Au that in January with the wrong crusher for most of the month and the wrong pump for the entire month... so the production side of the equation should not be a problem... POG side not a problem either... at 1750 POG they are 250K ahead of that monthly number... not a small cushion percentage wise. Also, based on calculations from the update NR they still had millions worth of gold in storage... these increased prices will really help.

Sure has been silenced in here. GGN street cred seems to have been beaten to a pulp. Will take some time to build it back up I guess.

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