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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
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Post by red911on Aug 29, 2012 4:09pm
144 Views
Post# 20276208

$8/oz?...

$8/oz?...

Thoughts?

Back to basics... Why does the market seem to be pricing in complete failure here?

M&I & Inf. = 2.3M oz Au

O/S = ~194M

Share Price = ~
.10;

Market Cap. = ~$19M

$/oz. = $19M / 2.3M = $8.26/oz

HECK... Market cap is now below ~$20M spent in brand new infrastructure over the past year... PLUS exploration upside?... What is the problem here?  Why has not one analyst picked this up?  I stand to be corrected but not that I am aware of.  In a market like this you need institutional support IMO (or at least it helps)... SGN is proof of this... I thought Acumen/Roth would provide this support/coverage... we fire CEO... bring in new CEO who likes Waterton... Waterton seems to have little interest supporting share price or in the business of providing coverage... heck why would they when they hold a senior secured facility against the property LOL?  I agree a definitive plan and outlook could help here and I really don't understand reluctance to release something beyond saying "2-2.5K oz Au per month by the end of the year".  Just sayin.  JMHO.  

Bullboard Posts
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