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

Comment by Kiwi3on Sep 12, 2012 6:33pm

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Post# 20354317

RE: RE: RE: RE: Gryphon

I think I will stay in denial and keep on buying- 2.3 million oz Au at $ 16.5 million or $ 7.20 per oz.

I can wait a long time for a return and will. A 10 year wait does not really concern me. Lack of communication does. Remember the tanking on the chart was caused by management action and a reaction from, probably, the latest shareholders ( under Roth) who just exited in February. The charts reflect investor sentiment not the reality of the deposit value. Management discount, but management can and will be changed over time. The question is when and if it is wise. We just do not know what they are doing which also means they could be making incredible progress. How do you screw up at $ 7.20/oz unless you lose your permits or do not renew the property leases ?

Do you believe the royaly holders would let this tank. Not in this lifetime.

Maybe the price of gold will drop by 50%. The world is a sick place so where will the funds go ? Certainly not US dollars as they are holding too much US debt right now.

You might want to chart an overlay for this on your charts.

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