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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 Mar 08, 2018 5:51am
52 Views
Post# 27680982

RE:RE:RE:RE:RE:RE:RE:woke up last nite...and started crunching some numbers..

RE:RE:RE:RE:RE:RE:RE:woke up last nite...and started crunching some numbers.. Extract from bottom of Page 206 of PEA is posted below. At $1,411 the project becomes negative. PEA was done in 2012, so what are current day costs? The deposit is not good enough, that is why Frank resorted to the Rolling Start to try and salvage something from deposit:........

It can be seen that the gold price and the open pit operating cost have the greatest impact on project NPV. The project becomes negative when gold price drop by 6.0% and when open pit operating cost increase by 14%. Overall, the project is sensitive to each of the major variables. This sensitivity analysis clearly demonstrates that gold price needs to remain over 1,400 US$/oz troy (at an exchange rate of 1.00 US$:CDN$);  in order to keep the project economically attractive.
Bullboard Posts