Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Deposit size would be important, in that a major player isn't going to pay a decent price for a pimple on a gnat's backside. They want a big property. But I doubt you'll see $400/oz in situ on this, ever. No mainstream economic model supports such a price. Osisko is a black swan that way - heavily overpumped. Though maybe part it is that they're just so darn good at finding gold, that puts a premium on their share price.

As for timelines - I would expect it'll take a load more holes to create a model that can support a 43-101, if it were true that they have a 20km strike. I mean, shouldn't it take a lot of work just to define the limits of mineralization for a strike that size? And, the nugget problem makes the estimate work more complex. Yet they're bottlenecked at the coreshack right now.

2-3 times current shares out? I dunno, how much do holes cost? How many km of holes does GNH have to drill before they define a 20km resource? I suspect a few guys here can answer those questions.

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