Well Madstal here are some things to consider:

1. Almost all the stocks in this space have suffered the same fate as GNH

2. Over the past 2 years or so, management has taken several key steps to strengthen the company including: strengthening teh BOD, bringing is SGS, accomplishing the first resource estimate etc.

3. Recent drilling has identified some good grades in the Timmins area

4. The VTEM results have identified a multitude of new targets

5. The champaign zone has beed identified and drilled with encouraging results.

6. More prospective claims have been acquired.

I agree that the market has not rewarded these developments but the company is moving in the right direction. With Gold set to climb higher, we may be in for a good 2013.

SN