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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Comment by darwindon May 03, 2012 2:00pm
126 Views
Post# 19867499

RE: RE: Who would have thought ....

RE: RE: Who would have thought ....

"We are now trading at a forward PE of 1-2. Cheap : )" Ultra cheap more like it.

Just read an article on how cheap the miners are and they consider these to be cheap.

GG is trading at a trailing P/E of 20.1, and a forward-looking P/E of 11.65.

ABX is priced at only 8.8 times trailing income, and only 6.6 times forecasted income.

NEM is priced at a frothy P/E of 69.9

And, AUY is currently trading at 19.4 times its trailing income, and only 9.4 times its projected profit.

Miners are not getting any love right now. I have a feeling that will change big time.

https://www.smallcapnetwork.com/Did-New-Unemployment-Claims-Just-Torpedo-NEM-GG-ABX-and-AUY-again/s/via/1789/article/view/p/mid/1/id/151/

Bullboard Posts