Cut and paste job, sorry it doesn't look pretty.

J Taylor’s

WWW.MININGSTOCKS.COM

Gold

May 13, 2011

Golden Hope Mines

There are no two ways about it. This is a horrible chart and if I

knew nothing about this company and its prospects, I might be

tempted to write it off. But being the skeptic of efficient

market theory, especially for small cap exploration companies,

and given my continued belief in this company Bellechasse

property south of Quebec City in Quebec, I have to look at

this chart in positive terms for those who do not own these

shares.

By the middle of June, a 3-D model is expected to be

completed and made public. This will help investors get a

sense of the deposit, its geometry and the potential for

expansion of the deposit into a multi million oz. near surface

gold resource.

The company’s Bellechasse property in Quebec is characterized by a nugget affect which makes it difficult to accurately

determine grades of a deposit from drill core. To get a better reading of true grades, bulk samples are typically taken. Golden

Hope has taken some bulk samples and those samples were then tested. The result has been about a 50% increase in the grade

of the bulk sample compared to drill samples. Even more accurate would be the milling of the bulk samples which I expect

could add to grades even more. I’m expecting management to begin running bulk samples through the mill and by so doing, get

a better sense of the grade discount that may be forthcoming from a future drill program.

Golden Hope has about $3 million in the till now. That should be sufficient to enable them to carry out a significant drill

program this summer. It is my sense that a concentrated effort on the company’s T-1 and T-2 zones both along strike and to

depth could result in a resource north of 2 million ounces fairly quickly. If so, there is no way, in a bull market that this stock

remains a $0.19 stock.

The company has 115.9 million shares outstanding now. Fully diluted there are 143.7 million shares outstanding but if all of

them were exercised, it would bring in around $7 million, which would go a ways in establishing a significant deposit.

With all the infrastructure in place and the most favorable place for mining in the world, that being in the province of Quebec, it

seems clear to me that at its current price, Golden Hope offers very attractive speculative value for those wishing to increase

exposure to the gold exploration sector.

J Taylor’s Gold, Energy & Tech Stocks (JTGETS), is published monthly as a copyright publication of Taylor Hard Money Advisors, Inc. (THMA), Tel.: (718) 457-1426.

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May 13, 2011