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.

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Gryphon Gold Corp

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Comment by red911on Feb 26, 2012 10:15pm

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Post# 19588887

RE: RE: RE: RE: RE: Feb 6 CC transcript...

$1M free cash over 12 months?.... Higher than that IMO. If all of the fixes work they should get that in March... at least. Then they upgrade/expand pad (1-2 months max) to ramp up to +40K oz/year. Free cash / month at that stage should be $4M, no? That was the original plan they have confirmed. I just wish they could find some funds to start drilling asap. There has been so little resource expansion and exploration drilling at Borealis. The sooner they get this to 4-5 million ounces the better and have never understood why there has not been constant drilling going on here in the background. Prove up ounces in that range and the rest would take care of itself.The valuation here is truly ridiculous. Even not in production the property and known resource alone warrant a multiple of current market cap. Now they are in production 1 month or less from pouring dore. There are so many other moose pasture companies out there with higher valuations. All you can do here is buy.

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