GREY:GYPHQ - Post by User
Comment by
metcoalfanon Jan 31, 2013 11:13am
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Post# 20917447
RE: wt foooook
RE: wt foooook One can look at GBG as a great example of where Gryphon and most other juniors who try to go into development find themselves - no companies ever seem to cash up enough to get through the setbacks, and with every mine I've ever watched go into production, there are major setbacks. I'd hazard to guess that Gryphon had more troubles in December than most were aware of due to being cash poor in a horrible environment for funding. Waterton got themselves a good deal, but they could have driven a harder bargain - I would have driven a harder bargain and taken 100% if I was in their shoes. The project should have funding now to get through the hurdles, get some extra expertise on site and make some GDMF gold. Look at GBG as the alternative - now trading .015 cents in the States, down from 3 buck beginning of '11.