Based on this info from:

http://www.stockhouse.com/Columnists/2012/Feb/24/Gold-junior-average-up-7-8--to-$59-oz---Stockhouse

If we have a RE of 500k ounces, we would have a market cap of 29.5M dollars. At a fully diluted share float of 157M shares, that gives us a value of 19 cents per share. This does seem low to me but it is what it is. However, the $59 per ounce is an average only and things like being in Quebec, near infrastructure and our ore showing excellent recoveries justifies a higher value IMO. I just do not know what that value is but it is safe to say we should command a higher value per ounce.

Just for shits and giggles as my brother in law would say, here some some various scenarios:

With this scenario, assuming that our In-Situe justifies $80 an ounce which I believe is fair for all GNH offers, a 500k resource, justifies a share price of 25 cents per share on a fully diluted basis. If we hit well at the 88 zone and Champagne area and move towards a 1M ounce resource, then I think we would be justified at a $100 per ounce In Situe and that would give us 63 cents per share, again fully diluted.

I included $200 in situe value but this would be under a buyout scenario only...unless gold climbs substantially from our current price.

Hope this helps keep it real.

Glorieux