GRY up 8-10% today, as they release positive first pass drilling - TopicsExpress

GRY up 8-10% today, as they release positive first pass drilling results from Mauritania exploration project. There are several reasons why this is good. Another project; which can be farmed out, to raise cash, or preserve it...but I would suggest Kinross Mining, a Canadian company with a 15Moz gold mine nearby, is a prospective takeover suitor. Not that it needs the resources, but if Gryphon can prove up some high grade ore, well, it will go front of the cue. It might also be interested in a farm-in. asx.au/asxpdf/20130805/pdf/42hh5gw723b5xk.pdf

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