GRY - Gryphon Minerals

[Gringotts Bank]

Juicy, classic breakout from very clean double-bottom/channel. Plenty of meat on this up to 99c or even further up to 1.20.

If you want to be extra careful, you could put a bid in at 81.5 and hope for retracement.

[kennas]

Juicy, classic breakout from very clean double-bottom/channel. Plenty of meat on this up to 99c or even further up to 1.20.

If you want to be extra careful, you could put a bid in at 81.5 and hope for retracement.

Yes, very strong. Resistance from 95c though.

[Gringotts Bank]

Juicy, classic breakout from very clean double-bottom/channel. Plenty of meat on this up to 99c or even further up to 1.20.

99c. A fall below 90 would make 1.20 less likely.

[shag]

Yes, very strong. Resistance from 95c though.

the idiots still do not seem close to selling gold bars which cannot help as well.
both my other dodgy afro jobs are pulling bullion revenue, pru and dml.
the latter using an innovative design method to pull monies while shoring up further huge reserves.

id rather have bullion heading out of the continent, than knowing there is a further few millions ounces, stuck in soil, on land you do not own...
get them hooked on royalties imo, then you have some power.

in some ways too, all that intellectual knowledge, ie drilling results, makes you more vunerable. im sure nowadays, you could run an efficient mine with only basic knowledge of pit grades, ie if someone flogs 'your' mine n holdings and has at least some of your drilling knowledge.

[kennas]

99c. A fall below 90 would make 1.20 less likely.

LOL, hit 99 for a second. Did you push it to that? Didn't really look like 1.20 on the chart in retrospect did it.

shag is on the mark with their inability to turn resources into a mine. Too tardy.

This could turn into a massive missed opportunity once au turns south. If it turns, dependent on so many things...

[albaby]

Attachment 49409 Looks ugly to me.Just failed 80c,next stop 75?

[mr. jeff]

no time for a chart but 0.75 looks like a solid support level and it is at 80c now.
watch for a reversal...or a strong dive under that level.

[kennas]

Stinger drilling looks like it could extend that zone but quite a bit. Hard to say but maybe double it? Another 500k ounces will take them over 5m oz au.

ASX Announcement and Media Release
Tuesday, 13 November 2012

Ongoing shallow infill and step out drilling highlights further multiple high grade gold mineralisation from the Stinger gold deposit and adjacent new parallel mineralised zones at the 4.5Moz Banfora Gold Project.

Results from infill and step out drilling at the Stinger gold deposit include:

12m @ 8.67g/t gold fr 4m
12m @ 6.76g/t gold fr 56m
22m @ 3.19g/t gold fr 119m and 1m @ 16.48g/t gold fr 67m
16m @ 3.24g/t gold fr 108m
5m @ 15.71g/t gold fr 103m and 12m @ 1.75g/t gold fr 138m
5m @ 10.70g/t gold fr 150m and 5m @ 3.60g/t gold fr 300m

Results from the new adjacent step out parallel zones include:

3m @ 38.04g/t gold fr 52m and 6m @ 4.36g/t gold fr 58m
8m @ 7.09g/t gold fr 53m
8m @ 6.93g/t gold fr 38m

DFS for completion end 2012.

Sounds like it's on schedule, but geesh it's taken them a long time to get there.

[Country Lad]

..or a strong dive under that level.

gry 13 Nov 12.gif

[kennas]

The market has liked the BFS delivered 31 Jan.

Bankable Feasibility Study Demonstrates Viability of Developing Banfora Gold Project, Burkina Faso
Highlights
 Bankable Feasibility Study (“BFS”) demonstrates the viability of developing the Banfora Gold Project to be the next gold mine in Burkina Faso.
 BFS based on a conventional 2Mtpa CIL processing plant and open pit mining operation using contractor mining, up-scalable to +4Mtpa.
 Construction period of 15 months with first gold anticipated in Q4 2014.
 BFS supports a maiden Ore Reserve estimate of 1.05Moz of gold1.
 Banfora Gold Project global Mineral Resource estimate increased to 4.9Moz gold1.
 90% of the Resource and Reserve estimates are shallow - above 150 metres depth and remain ‘open’ - strong likelihood for further increases through ongoing drilling.
 Work continues on delivering on the project’s huge potential upside with the option to expand the plant to +4Mtpa in addition to drilling aimed at further increases in resources and reserves and new discoveries.

NOT!

GRY.gif

What a disaster.

[Gringotts Bank]

Hell of a sell off since Sept 2012. I was watching the trading action today and think we're close to bottom.

[notting]

Plenty of others producing and getting pretty cheap about the joint.
The Japs have rammed up the printing so gold must be close to record highs against the yen,the US has tanked against the Euro which is what normally lifts gold - not even a blip.
What if US is actually in better shape than EURO Land?
Euro tanks against the US and gold loses against US $ strength.
What is going to lift it between now and 2014 Q4?
A take over?
It's a nice story just about 6 years too late.