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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior natural resource company. The principal business of the Company is the acquisition, exploration and development of mineral property interests. The Company is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the Cadillac Break. The Granada Gold Property is located five kilometers south of the mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The Company owns about 14.73 square kilometers of land from a combination of mining leases and claims. The Granada deposit is a quartz-vein mesothermal gold deposit hosted by late Archean Timiskaming sedimentary rock and younger syenite porphyry dykes.


TSXV:GGM - Post by User

Bullboard Posts
Comment by bob321on Dec 28, 2012 7:41pm
327 Views
Post# 20779118

RE: THG-Gbb PEA etc

RE: THG-Gbb PEA etc

 

Your comments very inciteful. The discrepancy with Howe report costs is glaring also but was for a smaller annual output.  

The costs  for 100,000 oz per yr for 10 yrs + will be higher because of  high strip ratio and inadequate size of deep mining resource. That should change when deep estimated gold (?another 1-1.5 m oz ) is counted as resource. 

What if high strip ratio gets cut in half by a mill that can address the native gold?

Gives Gbb some time to get PFS done which is needed for Royalty program.  Bob

 

Bullboard Posts