Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: just thinking out loud

just thinking out loud

posted on Mar 15, 2010 03:51PM

i'm sure my math or thinking is flawed (i'm still playing catch up here) but a snapshot of GNH looks like this to me right now. please correct me where needed.

taking into account- there's A LOT of room for improvement on the resource #'s due to area's unexplored/underexplored

as of right now it looks like 1mil-1.5mil oz. is pretty likely (based on 20-30mil tons at 2g/t)

gnh market cap roughly $20mil

we're trading at roughly $15-20 per oz. with a lot of potential for increased resource.

i would think bmo or a similar outfit would be able to swing some favorable financing under these conditions.

i like it.

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