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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Comment by red911on Feb 08, 2012 12:52pm

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Post# 19504861

RE: RE: RE: Could the Scorpion be ready to Sting?

"Would you take the deal of 2.5 shares of GGN & a "IOU" 1 share of SGN?"

Hummm... interesting. But No... sorry 'NON'. Not to be greedy but IMO would have to be alittle ridher than that for GGN shareholders. SGN market cap currently about $100M... no reason to value GGN below that at this stage. GGN current market cap just over $30M is laughable. Therefore, I would maybe consider a 2 GGN=1 SGN deal. Resulting company would have just over 200M shares out and all of GGN and SGN properties and plenty of cash and cash flow to drill drill drill and expand current operations. That combination (GGN and SGN) woudl actually create a very nice sized junior producer with huge potential. I like it at first glance.

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