Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: $1369, up another $17.00 today
9
Oct 13, 2010 10:25AM

I could pump you full of excitement all day long here, Mr. Mineralfan...and I would love every second of it!

I think there is enough awareness of Goldenhope Mines at this stage of the game, and I think anything the company does, or any news they release will speak for itself - for better or for worse.

I truly don't enjoy recommending people to buy stocks, and I'm pretty sure that my entire post history would support that. With that said, this week is the first time I have suggested to people I personally know to buy GNH. Before I would suggest they learn about GNH and make that call for themselves...this week I felt good enough to tell them to buy it.

Why? Well I think Bowmore says it best in their NR yesterday.

The St-Victor project is a grass-roots exploration program, initiated in late 2009, that targeted the belt for near-surface, bulk-tonnage, sediment-hosted gold deposits of similar type as Kinross' Paracatu mine in Brazil (reserves of 1,430 million tons grading 0.40 g/t Au for 18 million ounces gold), or the Russian Sukhoi Log deposit, containing total unclassified resources of approximately 48 million ounces gold grading 2 g/t Au.

I view GNH as a once in a lifetime opportunity to hit a home run, and I'm shocked by how perfectly things seem to be lining up for them. Can things go wrong here? Big time. Hit barren holes, poor results, dilution, market correction, gold tanks, Quebec tax levys, and whatever else one can think of.

The deal is, there is some significanct data here that supports that this is possibly nothing short of a huge gold deposit, and an incomparable one at that. There is even some fairly knowledgeable and unbiased people involved that agree with that theory.

I don't expect the daily SP fluctuations to represent what is actually happening with the company...and in fact it obviously has nothing to do with it.

Either you believe in the geology and the management and you should try to accumulate as much of this company as you can (and that would include day trading it, IMO), OR, you are trading based solely on technical information and/or are trying to time things right and play off other people's trades. I don't see it playing out any other way.

It seems clear to me that they are going to try and show Bay St some results, and take a chance with financing at the highest price possible. They WILL get the money they need, that is not an issue. It all comes down to how much dilution they will incur.

And with gold seemingly on it's way to $1400, I'm feeling pretty good about the lack of a PP to this date.

They are spending something like $10,000 every day on trying to build up the value here and I get the sense that the value of this spend is getting better every day as they learn more about the property.

And they are not trying to drag this out and have positioned themselves accordingly to get things going faster in the future.

This probably comes across as 'pump', but in my opinion it's not. Just calling it as I see it. I'm fairly heavy in GNH and I only get stressed out when I see the share price go up. :)

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