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 Apr 02, 2012 4:59pm

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Post# 19749790

RE: RE: RE: Borealis is .....

Assuming they only access enough of the credit facility to pay off noteholders and bridge, they only have $6M more debt plus borrowing costs than they did back in Oct. That is not alot more debt given production potential and POG. But like you said it all comes down to production. Maybe they will need to access the full $15M credit facility but as long as it is manageable and proceeds go towards expansion, drilling, or acquisitions what's not to like? I still say share price being 'managed' here until credit facility finalized, then we see news and then we move quickly to a more respectable share price. Seen it so many times before. JMHO.>

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