Gryphon Gold is traded both on the TSX (GGN) and Bulletin Board.  It went public through an IPO in Canada in 2005, raising $25 million.  Since then, the company has gotten all of its permits to go into production with an annual production capacity of 50,000 ounces.

Roth Capital is underwriting (firm commitment) a $10 million Secondary Offering, which will provide GYPH all the cash it needs to put its Nevada property into production.  From the time the underwriting is completed, it will take just over 3 months to build the leach pad - right after that, it starts producing.  The only thing standing in the way of an Effective Offering is the 43-101 report.  Once that's announced, watch what happens.

I am LONG on Gryphon Gold and recently doubled my ownership of stock in the company - buying over 436,000 shares at $0.15, bringing my total ownership to nearly 1 million shares.

Note: My track record spans 38 years w/64% positive return over that time frame in the market.