Re: can you guys help bring me up to speed
in response to
by
posted on
Jan 28, 2010 10:58AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
1. how much total acreage are we talking about here? GNH has a total just over 100,000 acres 2. is there a possibility for more claims or does gnh already have what it's going to have? It appears as the company has all the claims they want. There has been a recent staking spree in the region so I wager that most claims around the GNH stuff have been looked at or taken. Keep in mind that GNH has a 3yr head start on anyone in the region. 3. if the assays and drilling work out, is there a likelyhood of gnh developing it, or are they more likely to sell the rights? I haven't heard anything about that yet. I again would wager that the goal is to really figure out exactly how much they have on their claims and take it from there. IMHO if there are 3-4M oz, which does not seem unreasonable at this point on Timmins alone, there will be interest from bigger players. That being said, this is not a topic of immediate discussion as GNH is still in exploration and definition stages 4. having real difficulty finding info about finances (pretty common with these types of stocks) but do we know if they are fairly stable to bring in the initial results without immediate financing. assuming the color is good, the longer this company can put off dilution the better. There is cash in the bank, the exact number you will have to ask them for. However, there is such a vast land package and so much potential for the area, I think that it would be safe to assume that there will be subsequent financings.