Hi Mr Carry -- numerical logic would dictate that GNH cannot much lower from the present level, although I am sure that is very small consolation to most of us who have sustained very heavy paper losses up to this point.

I emailed Sasha at GNH on July 3 and he responded by advising me that they are "working on a variety of files" but he obviously cannot get into the details thereof.

Meanwhile, looking elsewhere around the TSX-V marketplace (which is at the historic lows of 2008 and appears to be virtually deserted), it seems most junior explorers are in the toilet too, including value-players with potential like Noront, and even much larger industry players like Osisko (TSX) and Cliffs Natural Resources (NYSE) also basically around 52-week lows.

Market and historical logic might dictate that these current negative sentiments and dynamics can turn around, although I have no idea when that may happen given the amount of fake fiat money the US and Europe keep printing.

As for GNH, I believe the focus needs to be on doing everything pragmatically necessary to survive this market drought.

According to some previous discussion here, this could mean a joint venture or a merger/takeover or running an on-site mill to process realized mineral assets while continuing to explore for new ones, etc.

I don't know what the right option/strategy ultimately is, but I do believe GNH has only one chance to get this option right (assuming they even get this opportunity at all) and only one chance at most.

Up to this point, even with the NI4101 resource estimate in hand, no major institution is convinced that GNH is an economically feasible project yet, and given the current market dynamics, they will most likely need lots of convincing (as will many GNH disappointed shareholders like myself).

Apologies for the ramble.

-Dragon50