Site Visit Observations by OBS
posted on
Dec 05, 2010 05:20AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
It is always dangerous for me to visit the GNH site in the Beauce. because I always come away reassured, and more enthusiastic than I was before....leading me to buy more shares.
While at the site on Friday, I took some of my handsome SFF profits, and bought more GNH.
I placed my order below the bid of .415 at .41, and went up to lunch of bagels with the boys...and I admit I was somewhat miffed that the site visit had inadvertently cost me a considerably lower acquisition price on Friday's disappointing trading day.....whatever!
Nothing replaces the value of an open management during a revealing site visit!
Well, you might well ask, what made me, at that particular moment as a somewhat concerned investor, reverse from fear because of an ongoing, advancing, failing share price, and add to his now large and losing position?
And that, in part, helps to explain why involved investors often perform their DD by participating, when they can, in site visits. And we are so fortunate that GNH is responsive and so accommodating in welcoming shareholders and other interested parties to view and understand the difficult dynamics in our quest for the GOLD stuff....
For me, it was the explanation that Dany Boilard gave to a few of us in the mine office at noon on Friday, just after most of the guys had gone upstairs for lunch. In the question and answer moment, he pulled out the newly posted map of the progress at Timmins....
Look at the map!
https://docs.google.com/viewer?url=http://goldenhopemines.com/_resources/maps/Bellchasse_Timmins_drill_update_nov_30_2010_map.pdf&docid=664a2a8d3a82f8d5bc5e1927683d389b&a=bi&pagenumber=1&w=138
In my view, the map above tells it all.
Virtually every where we have drilled from Beland to Timmins, Snow white, and now on Laval's mountain, they find proof of mineralization.
It is most clear to me, just as it has been very clear to others for more than one hundred years, that there is GOLD in this Beauce area. And a preponderance of our recent drilling and other testing on the property clearly indicates the presence of of the ever precious GOLD.
Read the Company's published reports, Hoov's scientific reports, Brattymacks informed reports, and Yukon Cornelius' professorial reports.... What do they ALL conclude????
THERE IS MINERALIZATION AND GOLD ON THE CONSIDERABLE LAND GNH HAS STAKED!!!!
How much? How deep?? How wide?? That is why we are drilling! To prove the extent, boundaries, and tonnage of our claims. And there is consistently enough evidence of gold in the samples that we are continuing the 24 hour, ongoing work and search
Is there enough gold on site to justify a mine? Well, boys and girls, well more than a few of us, based on continuing results, seem to think so, and we fully support our team in the ongoing quest to prove up our site.
All of that said, I will get to the nub of my observations:
Absolutely NOT that I wish to second guess our able management on drilling strategy, but I do wish to respectfully and clearly offer my alternate view of our current strategy in place.
As a successful and experienced CEO and entrepreneur, I offer the following comments in the hope that they may influence the direction and thinking of those who I do consider are leading our company, in our best interest as shareholders; and to the best of their ability.
Permit me to pose the following question?
Our claims run along an approximately 20 km belt, if I remember correctly. And virtually everywhere in the belt that we have results, they have found positive mineralization, of whatever extent, some void, some low, a great number nearing 2 gm per ton, and some of considerable results.
And if I am correct, by far the most positive and continuing results come from the Timmins and contiguous areas, which are proving to demonstrate the most positive and definable results we have, on land that GNH outright owns.
Again, please correct me if I am in error, but I would propose and suggest as emphatically as I can, that once the few drill holes are complete at Laval's mountain, management might consider confining our full near term future explorations to the Timmins area, until the tonnage we require has been established.
As a layman, and admittedly without all the facts and knowledge possessed by our professionals and executive, I nonetheless respectfully offer that our best efforts may be being wasted and diminished by searching all over our wide holdings, while the areas of best possibility are not being drilled to our best efforts.
The Timmins and contiguous areas most probably could be a complete mining project on its own, and I dare to submit that this should be considered as our first and foremost area to be proven as quickly as money and personnel permits.
once we establish a proven and executable project in our most promising area, we can expand our search out from the proven center.
I, for one, am most encouraged by our ongoing results and continuing observance of visible gold in the cores.
I offer the above suggestion in the hope that it might bring a more focused clarity to the project, in the event that clarity may have been compromised by the extent and overwhelming possibility of this huge project.
Please note and be aware that I make these comments understanding the limits of my knowledge, and with absolutely no criticism of our leadership and direction.
In the event that our share price should continue to falter, I will be adding to my position.
Site visits can do that to some of us.....We are afforded the perspective of seeing the map and the terrain in the same dimension.
Now, let's drill those holes....the hidden GOLD of Timmins is waiting.....
OBS