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 Sep 10, 2012 8:03am

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Post# 20341411

Outlook...

What am I miissing?... Ongoing expansion expected to increase production 3x to 25-30K oz Au per year by EOY. Virgin ore mining expected to start by EOY increasing recoveries 2x from 40% to 80%. That should at least boost production 2x to 50-60K oz Au per year. So sometime within the next 6-9 months GGN will be a 50-60K oz per year Au producer with costs of about $600 per oz Au. Given mgmts conservative approah it would seem likely there is likely upside to these production estimates. Would like to see such guidance formally published by GGN beyond EOY. They have said they have a formal mine plan that was constructed from drilling results over the past year... They are now profitable, have a detailed plan, have key personel in place, have A/S increase, options, and BoDs approved for another year... Why not give shareholders something new to talk about?>

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