Mr Carry, for what my comments might be worth, I do not feel there should be any accusations or flogging aimed in your direction.

The various criteria you listed accurately assesses what is currently known and what is currently in the public domain.

Despite having a considerable personal paper loss myself, I very much agree with your prescription of holding off and "buying on the reversal".

Yesterday's news release, once again, underlined the complex nature of the nugget effect of this deposit, and in these horrendous market conditions, I would be willing to pay more only upon knowing more.

That being said, it should be reiterated that the long-term investment potential of GNH land claims remains considerable and that most of these land claims have yet to be explored.

However, one would think that in order to secure new financing for further exploration, GNH management will need to present a compelling preliminary resource estimate with significant supporting data (i.e. economical gold recovery via gravity concept) to justify the securement of new financing and further exploration.

Looking at the overall bigger picture and longer term, I strongly feel that with the influx of fraudulent derivatives and printed money, fiat currencies, corrupt banks, a bankrupt U.S./Europe, credit default swaps, lack of meaningful banking industry regulations and criminal penalties, there *should* be a world-wide economic reset back to the gold-standard.

With China and Russia trying to buy as much gold as they can find, I can only see the price of gold (and silver) continuing to rise as it becomes less and less available over the long term.

Therefore, if market economics theory of supply and demand hold true, then that should eventually make successful junior gold explorers the equivalent of the next "dot com boom".

Assuming this is all allowed to happen, of course.

That being said, I do like the fact that GNH is in Quebec and that our neighbour to the south (U.S.A.) could stand to add a lot more gold than what they currently have right now.

-Dragon50