Frank C never said 'we haven't proven anything yet' in a context of GNH as a whole to date (we have proven a lot in our program of drilling, bulk sampling, surface and soil sampling, surveys ect...)

Frank may have said we have not proven complete economics throughout our claims.

i advise not to use quotes from others which are taken out of context in order to sustain an argument or position

as far as speculative goes: all investments are "speculative": such as RIM or GM or Nortel ...and so on:))

one can argue quite confidently that the least speculative plays, on the long term, are those that contain a commodity.... especially gold !

as GNH shows more gold in a profile of drill results and bulk sampling it becomes more and more less speculative.

cheers to all ....danny