Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Over exuberance??

Twillight, you wrote:

Of course, you'd be assuming that the market hasn't already priced in GNH's proving up of 100Mt. I wonder what they're assuming GNH already has right now? What's been proven to date, if anything?

If we get our 100Mt at 2g/t for 6M ounces over our 90M dollars current MC that would give us a value of $15 per ounce of gold. You think the market has already priced us at 6M ounces but gives us only $15 per ounce of gold when $50 is conservative and we have only drilled a very small part of our very large gold belt? If the grade comes in at 3g/t like Tilsley says, then we are currently priced at $10 per ounce. Do you think the market really has grasped what we are about? I think the market is way behind on this one again-like hole 49-and I can wait for the market to catch up to what we already know.

Do your own DD people but look at our current market cap, look at what value the market is giving us per ounce, look at how much more land we have to drill. Look at available infrasctructure, look at Quebec's rating as a mining territory. The more I crunch numbers, the more I believe we are in for a major upswing in our share price when the picture gets painted and the market takes notice.

I have my popcorn and my pop and will enjoy the show with front row seats with people that have become very good friends.

Glorieux

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