GRY 0.00% 20.5¢ gryphon minerals limited

BLOG, I'll admit that if I owned 1 million GRY shares at a price...

  1. 1,259 Posts.
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    BLOG, I'll admit that if I owned 1 million GRY shares at a price between $0.12c - $2.12 I'd be feeling a little depressed too. But a lesson in history shouldn't cloud future prospects. Fact: Gold stocks are the most unloved in decades. This extreme sentiment can't and won't last forever. When POG rises well above the cost of production GRY will move with it but exponentially so. Since 2011, most juniors have been diluted to kingdom come, but thanks to a $31.3 million CR in 2012, GRY's scrip has survived relatively unscathed and will come out in a stronger position once the dust settles.

    Here are some interesting stats comparing the health of GRY in 2011 vs 2014:

    2011.
    POG peaked at $US1921
    GRY SP peaked at $2.12
    No. shares on issue @300 million
    M/cap at $2.12 = $636 million
    Cash position: $61 million
    Debt: nil
    Investments: 16% in RNS and14% in TAW
    JORC resource statement: 2.0 million ozs
    Feasibility study: Not complete
    Mining Licence: No
    Tenements held: Banfora regional (Nogbele, Fourkoura, Samovogo deposits) Mauritania

    2014.
    POG bottom (to date) $US1130
    GRY SP bottom (to date) at 6.1c
    No. shares on issue @400 million
    M/cap at 6.1c = $24.4 million
    Cash position: $30 million
    Debt: Nil
    Investments: 9% in TAW
    JORC resource statement: 3.6 million ozs
    Feasibility study: Completed
    Mining Licence: Yes
    Tenements held: Banfora regional (Nogbele, Fourkoura, Samovogo, Stinger deposits) Mauritania, Golden Hill (JV), Gourma (JV), Tenkodogo (JV), Cote d'Ivoire (Odienne 100% plus option on Samatiguila)

    Note: my opinion and analysis should not be relied upon nor considered as advice of any kind. Please DYOR.
    Last edited by elphamale: 26/11/14
 
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