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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior natural resource company. The principal business of the Company is the acquisition, exploration and development of mineral property interests. The Company is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the Cadillac Break. The Granada Gold Property is located five kilometers south of the mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The Company owns about 14.73 square kilometers of land from a combination of mining leases and claims. The Granada deposit is a quartz-vein mesothermal gold deposit hosted by late Archean Timiskaming sedimentary rock and younger syenite porphyry dykes.


TSXV:GGM - Post by User

Bullboard Posts
Post by steadfaston May 14, 2012 6:07pm
385 Views
Post# 19907925

3.5M oz x $75 = $262 M or $1 share

3.5M oz x $75 = $262 M or $1 share

I have been accumulating at these prices.  It seems to me this has a potential of a 10 Bagger, based on:

a)  Lower the cut-off from 0.4 to 0.25 the 1.5M ozs becomes         2.5M ounces

      The new drill program + 86 holes has the potential for             1.0M ounces

      Total   conservatively                                                                          3.5M ounces

 

b)  Leave the cut off and stay with                                                           1,5M ounces

     The new drill progarm + 86 holes has the potential for                 2.0M ounces

     Total conservatively                                                                                3.5M ounces

Location, location, location should equal $75 ounce.  For those of you who wish to remain negative,

that is your choice, I for one, can see the potential and remain a committed shareholder seeing this

as a buying opportunity of a lifetime.

 

Bullboard Posts