Cantjustread:
I am not at odds with your reasoning. I too have bought GNH as a speculative play. My previous posts are simply a concern for others who may think it has moved beyond a speculative play (ergo, now a sure thing) simply because of some much bandied-about large numbers on this bull board.
In one of the today's posts someone quoted Frank C. as saying something like 'we haven't proven anything yet.' And to my simple way of reasoning that's why GNH is still speculative.
Snug
PS: You mentioned something about 25 rec's. I hadn't checked. But ignore it. It's too large. And really doesn't mean much at all. BTW, keep up the good posts.