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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 oscar1412on Jan 02, 2014 11:00am
270 Views
Post# 22052502

RE:Waiting

RE:WaitingAny predictions for gold this year ? UBS prediction $1,000/oz. by year end according to CBC Radio this morning. Very difficult environment for GBB. They were not successful finding custom milling last year. As they say, they may have better luck this year. Still need to find money to convert custom mill. Money hard to find. Other plan, buy their own mill with gold backed loan. PFS now delayed so we don't know the feasibility of that option in a falling gold market. Issue gold backed shares ? So many plans. It seems management can not come up with a viable plan. Yes conditions change but you need a plan. Perhaps the best thing is mothball Granada and look for another project. Lots of shares outstanding. As one of the many folk who have lost money on GBB all I can do is wish you luck with your optimistic view. Not too much reason for optimism.
Bullboard Posts