I freely admit that the timing of SP moves has been the toughest thing to predict with GL (even for me); having said that, I get the sense that the visits this time around are not just tire kicking; additionally there are at least analyst / institutions visiting as well and I get a sense that the company is "talking" to them, if you know what I mean. The first analyst visit is complete and I have been told point blank they the visit went very, that they really liked what they saw and that they will be having discussions back at head office as to how to proceed - the question is "What is that decision, resulting from those discussions??"

As for the crystal ball, I do expect that we will still see a move before Xmas, although the closer it gets, the less likely that is.

I am more willing to make a prediction on what the end result will be, than what the timing will be; I fully expect that we will be looking at $10+ before a sale is completed and expect that a sale itself will exceed $15. The more drilling that is completed (assuming it continues to expand the resource area), the higher that prediction goes.

I have always believed that we would be looking at somewhere between $6.00 and $8.00 per share, per million ounces - once we cleared reasonable proof of more than a 2 million ounce contiguous deposit and we are getting VERY close to that. Keep in mind, that I am not a professional analyst, I am just a shareholder; I'm just one who does a little more DD than most.

Salut,

Leigh McBain