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 Apr 03, 2012 8:51am

224 Views

Post# 19751928

Stepping back...

Is there any reason why this company should not now be producing and likely pouring profitable gold?

I am certainly no expert but I cannot think of anything major that should now be preventing this from finally becoming a reality. That is all that matters. Everything else is just noise. Comparable valuations are certainly much much higher than our current valuation.

IMO the next update should indicate at or near cash flow positive and increasing production, confirm refinery completion, testing, and dore pour status, and describe hep leach expansion and drilling plans.

The recent low volume share price movements mean nothing. There are no buyers but they will/should come if the next update is as we expect IMO.

Nothing more to say until we get an update.

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