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.

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Gryphon Gold Corp

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Comment by Kiwi3on Dec 05, 2012 7:36pm

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Post# 20689770

RE: RE: RE: RE: Endless Slide

The people who tax loss sell Gryphon may just not be able to get back in later. Today's press release confirmed they are on track and are obviously proud of it to actually issue a press release on their accomplishments. It will not be long before we see 3-4000 oz per monthy especially if they are processing non releach, IMO. That is probably about $ 3 million a month in net cash flow before reinvesting in exploration or about nineteen cents per share per year. Works for me. Especially when there is about a 2.3 million oz Au resource supporting the foundation of the company.

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