DWM, I was a little bit disappointed reading your Market Oracle article.

They value gold resources with NI 43-101 categories only:

• Inferred: the lowest-confidence category, based on just enough drilling to outline the mineralization.
• Measured & Indicated (M&I): these higher-confidence categories have been drilled enough to establish their geometry and continuity reasonably well.
• Proven & Probable (P&P): These are bankable mining reserves – basically Measure and Indicated resources with established value.

• US$20 per ounce Inferred
• US$30 per ounce for M&I
• US$160 per ounce for P&P

So, GNH has NO NI 43-101 resource as of yet.

Is is worth nothing ?

But even with Inferred resources, my estimated first step 3M ounces would only be worth $ 20 x 3M = $ 60M market cap / 139M shares fd (after PP) = $ 0.43 / share.

Oh, nearly a double from today´s price ! Not bad for starters (if we only had a NI 43-101, though) !

What´s a fair share price then ?

Don´t know really, but all (theoretical) evaluations lead me to think, that we are UNDER-valued, at the least.

Good enough for me, to put my hard earned money in this company.

FANTOMAS