i emailed sasha about some questions i had regarding book value of property/claims/tax credits. i was curious as to how much cash/cash equivilants the company has now and in the near future. his reply is below on the tax credits. i'm having some trouble figuring out the value of the land and claims (maybe someone can help).....the way i'm looking at it is that GNH does/will have around 5-6mil in cash + the value of the land/claims + the value of exploration done to date + enterprise/blue sky value.....considering this, and the fact that they are located in quebec with no pending legal/financial actions i think a market cap of 50mil is pretty low for a property with this potential.
sasha reply-
Happy holidays,
--------------
Sasha Asgary
Director of Corporate Communications
We are expecting roughly $1.2MM back in tax credits. Usually funds come in around late April or early May. In so far as book value is concerned, I suggest you look through the MD&A on SEDAR because I am not sure about the exact value of certain items.
Happy holidays,
