One poster commented:

"But yes, by Glorieux's numbers, proving 6M oz Au should see GNH double in price by Xmas, as a conservative estimate."

What ?

$ 1.40 = $ 182 M market cap for 6 M ounces Au ?

That´s $ 30 per ounce in the ground (with an already doubled shareprice from today´s $ 0.70) !

You must be kidding !

It really depends on how GNH through Mr. Tilsley will be able to "convince" the market, that these ounces WILL be there, even without a NI 43-101 report.

If they can manage to pull this off (6M ounces), then our market cap will be more likely in the $ 500M range, which would equate to > $ 3.50 per share (see for example Canplats buy-out with 3.44 M oz Au M&I @ 0.65 g/t Au for $ 238M).

People have to realise, that a 3M ounce bulk mining deposit is something rare these days for an explorer, let alone a 6M ounce deposit.

Meaning: even $ 0.70 seems pretty low, IF we can show even 2M ounces Au to the market !

FANTOMAS