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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: jackjc who wrote (14929)	7/15/2006 9:38:29 AM
From: loantech	Read Replies (1) of 78419

Jack is this a reason you like GGN? WGDF and QEE seem to have more expensive ounces. My numbers may be flawed but.. <The Asset Gryphon Gold's current major asset is the Borealis property with total mineralized material of 79,078,000 tons with an average grade of 0.025 oz/ton -- gold containing approximately 1,978,000 ounces. Little higher grade than QEE and WGDF if we are splitting atoms. About.78 g/t I think. Well wait a minute.WGDF has 110 mil incl. the warrants.At 2.50 that is 275 mill market cap for 3.5 mill ounces . I just read on GGN 60.3 fully diluted with 1.98 mill ounces. 68 mill Market Cap. Valued at 34.3 per ounce. WGDF 78.57 per ounce of MC. Is Oliphant that good? QEE 642 fully diluted times .38 = 243.96 mill MC. Ounces at 3.2 incl inferred = 76.So QEE and WGDF have about the same ounce value. GGN looks better. They will have a new mine and infrastructure. Less breakdowns.... Is that how you see it?

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