another side to GNH?
posted on
Sep 18, 2010 09:29AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
most of us are here due to the "blue sky" possibilities and current knowledge of what has been discovered on the property. venture exchange gold explorers are pretty much the "wild west" of stock trading and everyone accepts the inherant risks..but...after looking at many other small explorco's and thier numerous problems (i.e. political, tax, management, cash strapped issues) i cant seem to find another company that is actually as fundamentally strong as GNH (i know fundamentals dont usually enter into these types of co's).
evrything will change as assays are released but does'nt GNH have some value without ANY gold in the ground? they dont seem to be burdened with debt. they have some assets (not the least of which are tax "credit/refunds" from canada and property/property rights) and their management team is getting more and more diversified and professional.
this stock has done very well but imo is currently undervalued considering the risk/reward. if assays come back that look somewhat economical i think GNH could be one of the few explorco's that could transition into an actual mining company.
when stocks do as well as this one many are tempted to take some profits, the question is, where could you put them that's better than GNH??? i did'nt get into GNH to be a long term investor but it's looking like that's what will happen...