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

Bullboard Posts

Post by red911on Apr 24, 2012 9:01am

210 Views

Post# 19827634

Cash Flow Positive?...

Cash flow positive or indications production is quickly moving towards cash flow positive is what we need at this stage... minimum IMO. Maybe that is what the market is waiting for? Would certainly seem to be the last big piece of this puzzle... short-term anyways.

Cash flow positive production... expand production... virgin ore mining... drill agressively... repeat to fade. Simple really LOL.

While all this is going on... completely pay off Waterton debt asap... should be able to get share price to level where recently issued 30M warrants at about 15 cents are fully exercised... that $4.5M alone will but a sizeable dent in the Waterton debt.

red911

Bullboard Posts

Futures Flat Amid Key Data in Canada and US