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 May 17, 2012 8:07am

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Post# 19919381

PO Price...

GGN now trading at and around PO price of 12.5 cents. Now they are actually in production and cash flow positive. Unreal markets.

Next update (May update?) should contain details of improved production, drill results, and/or expansion plans. Hopefully release is more than just "Production is improving, we have drilled and have results, and we plan to expand operations. The end." LOL. Seriously though looking forward.

Have juniors and POG finally bottomed? Europe situation not getting any better. Spain seems to be next. LTRO 3 is inevitable IMO and likely so is QEx. POG weakness of late caused solely by falling EUR and rising $US... this is somewhat artificial LT. I also wonder how much influence JPM unwind is having on PM prices. Are they trying to unwind their massive silver short position by first beating the price down even further? Will be an interesting summer.

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