The caveat to my last post is the nugget effect and can GNH convince the market of it and demonstrate a value or multiplier that the market can accept. The other caveat is can they prove 100M tons by Christmas? At the end of the day, I believe they will do both these things, they question is how much time they will need to do so. However, the speculative value of this company if they hit well and Laval's Mountain will add to the calculation for Timmins 1.

Glorieux

Your numbers do not really add up. If we have 100M tons at slightly higher than 3g/t (which I believe we ultimately be the case but will be hard to prove because of the nugget effect) than that would yield your 10M ounces of gold. At $50 per ounce (very conservative considering the size and blue sky and political environment) that would give us a MC of 500M at 150M shares fully diluted (I expect dilution) the price would be about $3.33...but I will settle for your $2.

Glorieux