Rather than looking at the comparisons between AGG -African Gold Group in a completely differerent mining jurisdiction and GNH I thought I'd post a comparison between two companies in the same general mining region for a better look at how our valuation stands up to peers.

I've recently been looking at Vantex - VAX on the TSX Venture and can't figure out how it's possibly trading where it is, so why does Vantex have a 15 million dollar market cap and Golden Hope a 50 million dollar market cap?

"The Galloway gold project is located along and to the north of the Cadillac Break in Dasserat Township, less than 30 kilometres west of the Rouyn-Noranda mining district in Abitibi. It consists of 3 mining concessions, 63 claims and 35 lots covering a total area of 2,477 hectares".

Drill results

395 m @ 0.75 g/t au

86 m @ 1.1 g/t au

168 m @ 0.7 g/t au

133 m @ 0.7 g/t au

280 m @ 0.6 g/t au

22 m @ 8.2 g/t au

4 m @ 18 g/t au

The company has found 3 main zones of focus on their property, has only 37 million shares outstanding of which Rob Mcewen holds 4 million shares and is looking to produce their first resource estimate once their last assay results come in expected in the next couple weeks.

Personally I can't see what's missing in this picture I've never seen a exploreco in Quebec with intervals and grades like these as well as interest from Rob Mcewen that is trading under a $15 million market cap. I'm not bashing GNH as I used to believe it to be one of the most undervalued absolutely dirt cheap stocks when it comes to Quebec and value and growth opportunities but I believe VAX has shown the market much more and is getting much less attention especially with the timelines GNH has given us, a resource estimate by Q3 is most likely which unless assay results come back outstanding could keep our SP below 1.00 for quite a bit longer.