I think there are lots of options outstanding on GNH, but the prices are substantially higher and expiry dates are looming. I read an old press release last night, for an example in regards to an old board member from the Hoel days.

'The Board has granted incentive stock options to Mr. Douchane to purchase 200,000 common shares of Golden Hope at a price of $0.35 per share for a period of three years ending April 10, 2011.'

Not sure if this is a good thing or a bad thing? I suppose it depends. If our SP rockets upwards we would have cheaper dilution = not good, but good because our SP is higher.

If our SP lags for the next year = less dilution but less money in the bank = good but not good because our SP has lagged.

This is very loosely put, and if anyone needs a topic to research this might be a good one...but Im guessing that a lot of options were given before the financial collapse and are either too high in price or are too close to expiry to be a major concern. If they do come into play it means it will be an efficient tool to raise capital because will have proven there is more need to continue drilling out this property.

So, assuming the 2nd tranche of PP is rolling along, the government credits, and the options issued from the last 2 PP's - if there is gold in the ground, cash flow will NOT be a problem for GNH.

In todays economic climate, this bodes very well for our company. There was some chatter on the 'tour' about 2 drills? I'll go out on another limb and say that if Tilsley requests a second drill, that we may be in for a ride in the not so distant future.

I love that these guys are keen on building this out quickly and seizing the momentum. It appears to me that the timing could not be better in the past decade to prove out a potential gold mining district.

I think there are enough eyes watching now that if something significant happens that it won't go unnoticed much like before. As per Justices all-time post....

"From what I have seen with GNH over the years, we have on our hands the classic issue of people not necessarily understanding the relevance of the news. Perceptually, 100g/t over 2 meters sounds pretty interesting but 3g/t over 100 meters in length and 48 meters in width sounds less attractive. Most people when asked would likely favour the 100g/t although it does not give any real insight into the real value of the deposit, it just sounds sexy. In fact I just checked Stockwatch.com and the headline of today's NR is Golden Hope samples two m of 11.98 g/t Au. That is in fact not accurate at all and misses the entire point! Go take a look here: http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:GNH-1692956&symbol=GNH&news_region=C , it just goes to show what the disconnect is between making an economic discovery and selling “newspapers” is."

B