Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

Free
Message: The $30-$40 argument

"it looks to me, our short term goal (end of year) of 100M tons will very likely put us around 6mil oz+/-....i see no reason to doubt this..."

Going back to my earlier questions from last week, since you see no reason to doubt that there will be 100MT by the end of year, can you explain to me how we will be able to show the market we have 100MT with just one drill and a backlogged 2 man coreshack?

I am long on GNH and I believe the current price levels are justified, I just struggle and am still learning how to properly evaluate price targets for exploratory companies, and I think as has been excellently discussed and debated here this week, that number will tend to fluctuate based on location, feasibility and pre-feasibility studies done, timeframe, size of deposit, current gold price, anticipated gold price, etc.

So even if we accept the $30 instu value right now per your calculation (I'm not saying this is correct either), I'm not convinced we can use 100MT by Christmas at this point just because exhuberance hopes it to be so.

The best thing for the stock at this point, IMO, is for exhuberance in the market to run wild, push the stock to $2.01 as you hope, we can raise cash via PP as you outlined, and then "drill baby drill" or perhaps more accurately, "bulk sample baby bulk sample."

But to be honest, at $2.01 at years end I would most likely be a seller.

Share
New Message
Please login to post a reply