yukon/justice, thanks for the explanations....
it seems to me that gnh is actually onto something good...
i think posters here might be right about the PDAC proving valuable to gnh. if you put enough eggheads in one room (no offense guys) eventially word will get back to the guys with the money... :)
from what i'm gathering here i get the impression that larger scale exploration (and the coveted 43-101) and eventially a mine development plan are going to take investment. if GNH can find funds under favorable terms (this is where the PDAC should come in) then they should really be off and running.
at this point i would prefer a direct stock issuance to any form of note/bondholder arrangement to raise funds (but i'm getting ahead of myself)..
good luck all.