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TM...the thing I have learned about predicting how the market will respond to news is that I am usually wrong.

In this case I suspect that investors have certain expectations based on some predictions that have been made by geologists and investors over the years.

In the past we have heard predictions of 3 g/t and multiples of millions of ounces of gold resources. This resource estimate will be based on drilling not bulk sampling and will almost certainly be less than some unrealistic expectations . Therefore some investors may find the resource estimates disappointing.

On the positive side, rising tides float all boats. If the markets continue to improve then GNH should benefit from market strength.

The resource estimate will include initial drill results from Champagne. However, this initial data will be insufficient to have a significant impact on the sp.

SGS is having a positive influence on GNH management and is perceived by the investors as a professional group who seem to be very positive about this project.

This recent announcement of exceptional recoveries should have a positive impact on investor sentiment for GNH. Think about lowered costs and environmental friendliness of high recovery via gravity.

In association with SGS and Jim Tilsely, management has set a course for the company based on the expertise it has employed that appears to be a sound direction. Steady as she goes. There is a confidence level among management and employees that was not always so evident and/or obvious.

Also I understand that there is more positive news ( likely drill results) to be released before PDAC.

As a long term investor in GNH I am personally more encouraged today than I have been in a while.

SN