Hi Skier,

Keep in mind that those fortunate few are only fortunate in hindsight. They also took the most significant risk........this is a risk/reward business. Please explain why you think a bought deal is better?

The warrants that the original placees have exist anyway, right this moment as part of our dilution, but are not in cash in our company account. The only thing that you need to do to raise immediate dollars is to issue a warrant for a price higher than we trade now and you can raise needed money that will otherwise not be available for two years (when we may NOT need it). All this happens without paying commissions and issueing warrants to brokers.

I'm not sure I understand what you see as a downside to this? Without those original shareholders putting up hard cash when this was a 100% risk play a year ago, there would be no GNH or this amazing opportunity for all the new shareholders. I would appreciate you explaining how the company benefits more in a bought deal at this time. Remember that in those deals the money isn't free. They also base the transaction on the companies ability to turn drill results (which we don't have yet) into dollars and cents. Such deals also are based on risk/reward.

I'd be interested in your opinions on how we would benefit from such a transaction and your feeling on the cost?

As we progress these could be valuable discussions.

Thanks again for your insight..........Carry