Snow White was a disappointment, that I will admit. I was hoping for 10 - 30 meter lengths of 1.5 grams/ton... Just wishful thinking, I suppose.

OK, so why did I keep my shares? Quite simple, really.

There will be a bunch of holes drilled over the coming month/s. These holes will be "deleanation" drilling, or, filling in the gaps so that GNH can come out with a 43-101 Compliant Resource Estimate for Timmins 1 and 2... I have been told by the company officials that this little piece of land will likely hold 20 - 25 million tons of rock that has "officially" held approx. 2ish ounces of gold/ton with the drill and 3 ounces of gold with the bulk sampling. So, what happens if they come back with 25 million tons grading 3 grams/ton gold? Very simple. I will use the numbers that were crunched out previously when we were " dreaming" of 100 million tons grading 3 grams/ton by the middle of this year/end of this year.

100 million tons grading 3 grams/ton yields approx. 9 million ounces of gold. That would have been like hitting the home run in the bottom of the ninth with bases loaded and 2 out and your team down by 3... It didn't happen.

So, what happens if we can get a compliant resource estimate of a paltry 25 million tons grading 3 grams/ton? Well, simple. Divide that 9 million ounces of gold by 4 and you get... 2 1/4 million ounces of gold resource...

I think that this will be a really good start with our outstanding shares and should increase our share price to somewhere between 60 cents to a dollar, in MY humble opinion... Now, I do not know that the market thinks of this "compliant" resource, but I feel that this should be done by the end of this year according to some information that I got with the number of outstanding holes needed to complete this report which was around 60 at the time I asked. If you want to know, call the company and ask. If you think I picked this number out of a hat, well, you are wrong.

2 1/4 million ounces of gold. A really good start to our "official" resource estimate. Let's get that drilling done, boys...

Herb :-\