Hey, just got back from a wee vacation in Hilton Head. It was refreshing to not check the SP all day long and give back some perspective on why I am in vested in GNH (and others) in the first place. I believe there are millions of ounces in the ground and that Frank is doing his best to prove this in a fiscally responsible manner (looking forward to seeing the financials at year end). If this is the case, this property is severely undervalued.

It will take quite some time before we could realize this potentialbut I know for a fact that the pieces of the puzzle are coming together methodically and unbeknownst to the general public - mainly because the general public doesn't care. I've seen this before with speculative investments....those in the know just have to keep the faith that others will catch on in time.

I'm curious to see how the locals are feeling about their land and if they carry some degree of excitement and hope.

Although the SP is most important thing to measure the value of your investment, it is also one of the most irrevelant numbers in consideration of what we are trying to do here. We've spent on the bulk program proving that the grade is understated. We've spent on the Geochem to shed light on the target areas for future drilling, and those targets are enormous. We've spent on securing some extra claims that appear to be strategic and with potential.

All that is left is to poke some holes in the ground and see if the theory is correct. Well....that part is imminent. If we can accomplish that, our theoretical tonnage is going to increase more than rapdily. It's an easier pitch and we just may raise some eyebrows, none less than Osisko who also has a rather large bullseye on her back.

Drill results could come back dry, I suppose. It's not bloody likely but certainly possible. That's the only downside here that I see at this market cap. If we were valued at $100M it would be different story. If the next drill program comes back with even marginal results, the potential tonnage added would more than compensate our in-situ value.

Site visit next week for me will further complete my DD, but nothing has changed for the worse in the past 5 months that I can see.

B