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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Comment by red911on Dec 06, 2012 7:29pm

152 Views

Post# 20695483

RE: Comparable...

Compare...

GGN... market cap $15M...Well on its way to goal... "The company's goal is to have the processing capability to produce 2,000 gold equivalent ounces to 2,500 gold equivalent ounces per month.".... OR 6,000-7,500 oz Au per quarter

TO...

SGN... market cap >$60M... recently released Q3 production... "Scorpio Gold's Mineral Ridge produces 6,663 oz Au in Q3"... actually fell from Q2 at over 7,000 oz Au.

SGN has a market value of 4x GGN... Virtually identical operations in Nevada. Where's the greatest upside? I would even go as far as to suggest that at a market cap of $15M GGN represents one of the most undervalued emerging producers out there. Oh yeah not to mention the 2.5M oz Au resource. No brainer IMO.

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