We are all here to make money and gather information which is key to making money.

I do a fair amount of research and share that research here free of charge. It is up to the reader to decide if this info is good, bad or indifferent. I always have an optimistic outlook on the stocks I am invested in. That is a trademark that leads many to believe that I am a pumper and a consequence of my style that I must live with. When I am no longer optimistic and selling, people will know by the reduction in posts. One thing I do not do is pump while I sell. That is the classic pump and dump which is immoral and I do not support or do.

At this point though, I would like to take the focus off me and back on GNH. There is some debate wether we are properly valued right now or still undervalued or possibly overvalued. Our current market is around 30M dollars. We have our first resource estimate coming out at the end of the month. The whisper number is 500k ounces. My guess is higher than that but I will keep that to myself. However, assuming 500k is correct, at $50 per ounce, that gives us a MC of $25M and would leave a value of $5M for the rest of our assets. We have to consider we are entering another gold bull environment where many including myself believe we will see $2000+ per ounce. The general markets at this time are stable and the word from the Vancouver show is that for the 1st time in 3 years, money is coming back in looking for quality projects.

With this backdrop of information coupled with recent assays from T1/2 and Snow White and the implied good results from the visuals at Champagne, I do think that $5M is on the low side. We have 16 holes to come back from Bellechasse-Timmins where we have had some very good success lately. T1 is getting bigger to the north east and we seem to be getting some better grade at depth. These next few holes have very good potential of returning more good results.

Our resource estimate will permit the management to approach investors, especially US investors that need that 3rd party confirmation of drill results and ounces. We are still coming out of a very tough 2011 and there is lots of money on the sidelines. As gold moves up to new highs and proper valuations to juniors return, more of this money will be coming back in and looking for quality projects.

I maintain that we are undervalued at this time and have high expectations for this company in the near and longer term.

Glorieux