Re: Seriously????
in response to
by
posted on
Jun 21, 2012 08:20AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
storm, i think most are upset about the PPS. Which really sucks but personally i think that will change on it's own.
imo, GNH has now gone from a purely speculative play to more of a valuation play. at 11M market cap I think we are fairly/under valued based solely on the 400k OZ. the "blue sky potential" is totally discounted. this deposit will definately continue to grow IF the right financing comes along. i would think the company is a marketable asset now but financing anything the last year or two has been rediculous. It would'nt suprise me if we end up with partner shortly.
the fact is that no mine or oilwell has ever been drilled without hype. hence the saying "on top of every gold mine sits a liar". without promotion there are no new mines. While I'm not happy with Franks continued mention of deadlines (which we miss) I do understand he's done what needed to be done to get us this far.
I actually liked the grades! We now have a good partner in SGS. we have a proven resource. we've changed hands of over 2million shares since the resource came out and we seem to be getting consistantly better results with every round of drilling so they must be figuring out the deposit.
another poster mentioned a stock he was going to move into from GNH because they had more of a resource. when you look at that company they have about double the resource we have but they are also about double the Market Cap and dont have the huge percentage of virgin territory we have. also, they are located in columbia, not quebec. i've had my share of south america. all things considered our "in situ" is pretty evenly priced.
Anyway, that's my 2 cents. still sitting. and waiting. convinced there's a mine there.