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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
Post by sailtakeron Feb 25, 2015 10:12am
218 Views
Post# 23462682

Why borrow if unnecessary! There is a paved HWY to Granada!

Why borrow if unnecessary! There is a paved HWY to Granada!
Forum Administrator (103 posts) 24 Feb 2015, 16:36 No, share consolidation is not the way we want to go. The cost of the rolling start is close to $6.7 million, but it may be feasible to commence with the cash on hand as the receivables back from the first batch will happen in a relatively short period. Those funds could then be used to finance the next batch and so forth but this depends on the timing and on how attractive any financing options are when are about to start. per/ F. Basa
Bullboard Posts