Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: Dinner time : choose your menu ! - glorieux
24
Jul 22, 2010 11:13AM

Hi, Frank,

good to see, that you went for menu 3 as well, although with slightly different "side orders".

BTW, my quoted 3gpt derived from 2gpt drilled plus 50%, similar to the bulk sampling results, because I think we have shown to the market, that the bulk sampling results are "closer to reality" than the drilling results.

But I beg to differ regarding my "Blue Sky" title, because your 8 M oz Au or my 9.3 M oz Au are in the range of Osisko´s actual reserves and resources at Marlatic (8.4 M oz. Au).

And this would be clearly a benchmark for me which I can´t see being demonstrated by GNH by the end of this year.

As I said earlier, I think it will take us at least to the middle of 2011 (12 months from now) to show 100Mt. Anything different would be a miracle for me !

And that´s why I would still call it "Blue Sky", because it´s not only the time frame, but have a look around who has proven 8M + oz. Au, there are not that many companies out there with these figures.

And if GNH really can pull this off, than even your valuation is "peanuts", because of the location, the type of deposit and my quoted "topping" (Beland, Sugar Bush, Laval´s Mountain and the other properties,GNH holds in this belt).

I´m an optimist as well (you know me), but let us show to the market first, that we have somewhat around 2-3 M oz., which would be already more than great and should stabilize our share price well above $ 1.00 !

FANTOMAS

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