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 Aug 26, 2012 3:55pm

183 Views

Post# 20262251

Price Support etc...

IMO it makes a lot of sense that the share price would receive zero support, analyst coverage, etc. given the fact that GGN is at its A/S limit on a fully diluted basis. Right now, even if GGN had an institution approach them interested in financing an expansion, drilling or sulphide operation at higher prices, GGN could not issue them any equity. Companies typically do not have a relatively low 250 A/S limit. Would seem very restrictive. Hopefully increasing this is the last piece of the puzzle.

Bullboard Posts

Abcourt Mines launches Flordin property drill campaign