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 13, 2012 3:20pm

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Post# 19527252

Unfairly punished?...

Compare to SGN... SGN operates an almost identical heap leach operation in Nevada, Mineral Ridge. They shipped their first loaded carbon in late-Apr 2011. They ended up producing only 8,100 oz Au and some Ag in 9 months of production... or about 900 oz Au per month on average. They didn't sell their first gold until late-June... about 600 oz Au. Production obviously picked up as the year went on. SGN only owns 80% of Mineral Ridge and they have no where near the reserves or potential of Borealis. SGN didn't fire their CEO and mine manager LOL. SGN currently trades strongly at a market cap of about $110M.

GGN market cap now beaten down to about $34M.

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