Some of the bigger boys where buying, even at the high on Friday. I gave this more thought and although my first answer still applies ie huge potential, there may be another reason.

GNH has been very open with their drill results and collar location info making it very easy for anyone with modelling software to get a good idea of what the RE will come out at. The 500k number came out a few months ago before some of the more recent excellent results. It is possible that our first RE could surprise to the upside. The company learned last year to underpromise and over deliver...this would be a perfect time for that and would explain why these guys have no fear in buying at 32 cents. Of course, there is no way to prove this until the resource estimate is out but these houses certainly have all the tools to have a very good idea what our RE will be.

Glorieux