Golden Valley Mines Ltd GLVMF

FOR the FEEBLEMINDED BOD of GZZ

[cigarbutts]

Dear Sirs:

As of this moment,  the market cap of GZZ is   133,918,577 shares outstanding times
.24c  per share is  $32.140M  Canadian.

The value of GZZ holdings in RZZ today is  5,605,246 shares RZZ times  $9.21 per share is 
$51.624M  Canadian.

This does not take into account the value of any other assets held by GZZ,  just the shares of RZZ held by GZZ. 

How can a monkey brained CEO or director reduce or eliminate this discount,   which has existed for a good 2 years running, and is probably at or close to it's maximum peak discount during this 2 year period.

The first and easiest way is to sell some shares of RZZ held by GZZ in the open market,  up until we have used up any tax benefit carry forwards,  and then use thosetax advantaged proceeds to repurchase shares of GZZ in the open market,  on a dollar for dollar basis.

The second way is to just distribute the shares of RZZ held by GZZ to GZZ stockholders
on an equitable basis.    This is about one share of RZZ for every 23.89 shares of GZZ held.

The third way is the stock for stock merger of GZZ into RZZ at some reasonable discount to the FMV of RZZ shares held by GZZ,  reasonable discount needed to entice RZZ directors/shareholders to engage in the transaction, and tocover expenses/fees for the deal.   They can Spinco the remainer trifilings  to Glen Mullan and his friends at GZZ  to manage into the sunset and draw $$$ from the trough.      

Anyone see any other reasons why the pigs here won't do it?