Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: loantech who wrote (26397)	11/27/2006 11:37:44 AM
From: TrueScouse	Read Replies (3) of 78419

Tom: <<Now do your magic on GGN!<g>>> I know you posted this to TSL but I just tried to help out! I can't resist at these prices. My take on the Gryphon PR... (1) Someone really screwed up in the FS in terms of calculation of the silver resources. They are being reduced by over 50%. This is the reason for the 25% drop in price -- not the gold. (2) But this is a gold play and the total silver is only a small percentage of the total resource. It's also a Tier 1 TSX stock. (3) My "back of envelope" calc shows that this is still a project with Indicated and Inferred gold equivalent of over 2 million oz. (4) 10% of the value of stuff in the ground is still well over $2 a share. (5) It's cheap at $1.00 to $1.10! (6) Albert Matter will deliver. <g> (7) Buy low -- sell high. JMHO... everyone should do their own DD. There may well be further weakness before it recovers. Best regards, Howy

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