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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 Panison May 13, 2015 10:49am
168 Views
Post# 23723674

RE:RE:re re GBB assertive

RE:RE:re re GBB assertivefrom the news release:

"The Company intends to implement the NSR prior to production so it will be available at such time as gold production commences. Under the current resource estimates at 1 g/t gold, the number of gold ounces that existing common shareholders are entitled to is 69,900 ounces of gold. This works out to 0.232 ounces per 1,000 shares in the case of 69,600 ounces based on 300 million shares outstanding over the entirety of the mining project as supported by the current resource."

if you own
1000 shares - .232X$1200 - $278 NSR return
10000                                $2780
100000                              $27800
1000000                            $278000
...

1MM shares today cost you $30K maybe $25K and you can get close to $300k NSR
 imagine when the resource increases

Seriously find me a better option......



Bullboard Posts