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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: jackjc who wrote (14929)7/1/2006 3:39:26 PM
From: marcos  Read Replies (2) | Respond to of 78421
 
ggn.v - interesting, what kind of a following does Jim Steel have? ... i know you subscribe, i lost touch when he went subscription only two or three years ago ... smart guy, and works at it, like Claude

Stockcharts.com is 'Unable to find ticker GGN.V', hmmm, well no matter [<--pun], squint 'n guess works fine on the stockwatch chart too ... basically it's near as cheap as it's ever been since it went public .... Borealis is big - gryphongold.com

There may be bargains on the venture tuesday, with it open and US markets shut down ... seems to be less of an effect in recent years, but still there's the odd bit of dumping into thin bids ... being summer now may augment this, we'll see, but i plan on having in all the stink bids the buy-power will support



To: jackjc who wrote (14929)7/15/2006 9:38:29 AM
From: loantech  Read Replies (1) | Respond to of 78421
 
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?