Well they made a statement on their latest presentation that GNL is sitting on OVER 22 million ounces gold. Heres the statment:
"The Southern Laverton Tectonic Zone ("SLTZ") has a gold endowment in excess of 22 million ounces. The Edjudina /Triumph Project, Pinjin Project- Anglo Saxon Extended Project, Yundamindera Project and Yindana Project lie in this zone."
This presentation was released late 2007. So i guess GNL is still going for it.