Chart, page-4

Hi,

Thanks for the chart and the info.

Where the GSR SP ends up by the end of the year will IMHO be almost totally dependent on what happens at Mt. Thirsty, specifically the drilling at R63/4. Stating the obvious here!

If GSR (and CNJ) were to get a similar result to GAL with their Callisto strike (which is fairly likely IMHO), I could see the GSR SP definitely hitting 10 cents by year end (MC A$100 million). This level would also make sense from a chart/TA perspective.

IMHO, 20 cents is probably a bit too optimistic. Having said this, if GAL were to, within the next few weeks, announce that apart from platinum and palladium (PGE's), they have also discovered significant amounts of Rhodium (also a PGE), this would be a game-changer in itself, and IMHO, it would have an additional very positive effect on not only the GAL SP, bit also on the GSR and CNJ SP's (and all this prior to the drilling in the eastern part of R63/4!).

In such a case, and if GSR and CNJ were to also announce (around September?) that they have also discovered significant amounts of Rhodium in the eastern part of R63/4, perhaps your forecast of a GSR SP of 20 cents by year end may not be all that far off.

Wishing you good fortune for the remainder of this year, which is looking like being a big one for GSR (and CNJ) shareholders.