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Re: futrcash post# 69

Sunday, 09/02/2012 6:46:11 PM

Sunday, September 02, 2012 6:46:11 PM

Post# of 375
Argue words, that is my first impression and like I said I have not researched it yet.

GVS has a market value as on Aug 31st of $103,396,953. The 2nd quarter financials have not been filed. For an explorer, that is over valued.

The operating and administrative expenses for the three months ended March 31, 2012 totalled $1,695,351 (March 31, 2011: $1,273,047), including share-based compensation issued during the quarter, valued at $955,208 (March 31, 2011: $843,629) calculated using the Black Scholes option pricing model.
Comparatively, the major expenses for the quarter ended March 31, 2012 were management fees of $102,000 (March 31, 2011 - $82,000), professional fees of $127,479 (March 31, 2011 - $26,052), office
expenses of $57,259 (March 31, 2011 - $37,528), consulting fees of $53,200 (March 31, 2011 - $40,473), investor relations of $65,058 (March 31, 2011 - $36,096) and regulatory and shareholder service of $44,197 (March 31, 2011 - $22,037).

Like I said, I consider it to be over valued. When they find some gold it may grow into its evaluation.