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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 tomgraniteon Oct 17, 2017 7:05pm
75 Views
Post# 26823693

RE:RE:RE:RE:RE:News is Out

RE:RE:RE:RE:RE:News is Out
miktone wrote: Hey Tom, given your criticisms (well deserved) of GGM and Frank in particular I wonder what you think that "inherent" value of the project, as it is right now, is worth. I ask as a long time shareholder, who despite what you say, still thinks that given all the known factors, both good and bad, that this is a 50 million dollar company, righ now, and a 100 million dollar company when we are in even limited production. Interested to hear you thoughts, considering how the market values ounces in the ground, permitted in Canada. 


I have no idea Miktone, but the fact that DRA could not come up with anything probably suggests that the NPV for the rolling start ($19mil was it) is the only study they have that they can use to put a price on the property.

Things are not as good as some investors hope here IMO.
Bullboard Posts