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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Comment by TomyHHon Feb 06, 2013 10:53am
142 Views
Post# 20946125

3,5% Net Profit Royalty

3,5% Net Profit Royalty

that is what shareholders will get at the end. That can be sold to a royalty company and and the proceeds distributed to shareholder.

Has anybody an idea what a royalty company would pay for a 3,5% royalty on a 40k Gold production ?

Bullboard Posts