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

Bullboard Posts

Post by red911on Feb 11, 2014 10:45am

180 Views

Post# 22195113

Experts...

Lots of 'experts' being hired by trustee it seems... accountant... lawyer... THE MORE EYES THE BETTER... As a shareholders I want answers... Kudos to those spearheading this... How could Borealis pass of our debtors self-proclaimed stringent extensive evaluations (below) yet allegedly fail so miserably?

"Ex Parte Application to Employ Gregory F. Wilson as Special Counsel Filed by CHRISTINA W. LOVATO on behalf of CHRISTINA W. LOVATO (LOVATO, CHRISTINA)"

"Declaration Of: Gregory F. Wilson Filed by CHRISTINA W. LOVATO on behalf of GREGORY F. WILSON (Related document(s)[106] Application to Employ filed by Trustee CHRISTINA W. LOVATO) (LOVATO, CHRISTINA)"

https://chapter11cases.com/2014/02/10/gryphon-gold-corporation-bankruptcy-new-filing-alert-application-for-authority-to-retain-professionals-3/

https://watertonglobalresource.com/evaluations.pl

Waterton's Project Evaluation team has identified and evaluated over 350 projects worldwide, ranging from USD$10 million to USD$3.6 billion.

Collectively, the team has over 200 years of experience evaluating project investment opportunities.

The five key criteria that we consider prior to making an investment are:

The technical and economic viability of the project;
Asset valuation, using conservative inputs;
Stage of development and proximity to production;
Geopolitical risk; and
Management credibility.

Waterton's in-house mining technical team, legal diligence group and investment team work concurrently to expediently review potential project opportunities.

The asset due diligence and valuation process begins with a review of the drill database, the geology and confirmation of the resource model.
A detailed review of the mine plan and process plant designs, capital and operating costs and project execution plans, is completed. We assess the risks and opportunities of each.
Waterton's proprietary cost database provides reference inputs for our models to determine project economics.
The process culminates with each of the mining, financial and legal diligence team leaders gathering and contributing their respective group's findings to our proprietary evaluation model.