I had the pleasure of attending the GNH Cocktail reception at the PDAC. I have to say that the presentations contained very little new material information for the faithful on this board who follow this stock and know the potential of this company - but that's not why I wanted to be at the cocktail event.

I wanted to meet Jim Tilsley, the geologist in whom we are placing our faith to prove up the Beauce resource. After the formal presentations had ended, EagleEye (Mark) and myself made a bee-line for Tilsley and introduced ourselves. He is a very kind and gracious man. My first question for him was very simple. Why did he dance around the topic of a timeline for a 43-101 resource estimate during his presentation? His answer was candid and a bit unexpected: "Yes I have been dragging me feet on that on that". Surely some of the others in the room heard my big GULP at that moment. But he continued: "Because any attempt to create a resource estimate at this stage would likely underestimate the true value of the deposit". We then discussed the statistical value of the bulk sampling program but agreed that trenching would obviously not address grades at depth (more on this later). We were shortly thereafter joined by Yellowknifer (Danny) who had similar questions regarding 43-101 and so we got to hear many of these same arguments repeated again.

Tilsley explained how the regulatory bodies would allow some latitude for predictions based probabilities from bulk sampling and drilling but in the end, the acceptable grades would almost always underestimate the true value of the resource. As a GNH shareholder, this is exactly the mentality I wanted in my head geo. For the record, Tilsley's average purchase price for GNH shares is 0.25 which also gave me a lot of faith in both him and the potential of the Beauce.

Then his eyes lit up as he said "You know I think I really understand what these regulatory types need to put together an accurate resource estimate" He continued to explain that he is currently the only geologist to have published a resource estimate for Placer type gold deposits (usually companies just mine Placer deposits and define the resource as they dig the stuff out). And he explained all of the hurdles and pitfalls needed to push that estimate through- and more importantly how his estimate was nearly always within 5-10% of the actual grades when the resource was mined. At this point my jaw is on the floor -as a scientist who deals with other scientists on a daily basis I can assure you that this guy is the real deal.

So finally I asked him about the challenges of dealing with grades at depth. He explained that if he had his way (and the money to do it), the most accurate method would be to build a ramp and then blast and bulk sample the various mineralized zones at various depths to determine whether the grades are similar down to 1000m. Sounded like a good idea to me but I was already not seeing clearly for the dollar signs in my eyes.

I guess if I had to sum up the entire conversation it would be to say that Tilsley believes that if something is worth doing, its worth doing right.