Some of the area plays we are following for signs of life are Roxmark, RMK.v, Laurion LME.v, Alto ventures ATV.v, Sage Gold SGX.v and Premier Gold, PG.TO .

I believe that in the longer run one or two of these little gold stocks will reward owners handsomely.

After all, Roxmark would only have to go to 25 cents a share to be a double! Alto to 20 or 22 cents. LME would be a double at 16 cents, based on an eight cent close!

The encouraging thing about the evolving KXL story is that they keep finding gold strike all over the place. They directly control 1400 square kilometers in this old but underexplored high-grade gold camp in Ontario. Besides that, Kodiak is cashed up nicely with more than $40 million to play with. Only 88 million shares out and no warrants.
So at c$2.40, owning some KXL is a clear way to proceed.

But these little area plays are real interesting because they all have a chance and they are cheaper than dirt. When all the drilling money buys Kodiak a deep rich deposit one of these days, these stocks are going to run like a ....These little area plays are hitting promising strike and in some cases drilling nice add-on deposits underground. In general, they just do not have that much money for drilling.

A good example is Roxmark RMK.V, which Metacomet swears is the best one in the bunch.

http://www.roxmark.com/

They plan to reopen an old mine called the Northern Empire plus they now have a better capitalized drilling partner on quite a few of their other Beardmore Geraldton properties in Premier Gold.


"Roxmark plans to build shareholder value by reopening the Northern Empire Mine and by continuing to delineate gold and molybdenum resources at eleven other Company-owned properties in the Geraldton and Beardmore camps, both unilaterally and through joint ventures like the one underway in the Geraldton Camp with Premier Gold. Short term priorities include surface exploration of promising new targets at the Northern Empire (following an extensive 2008 drilling program), and drilling exciting gold showings at Nortoba-Tyson."

Sounds pretty exciting with gold finding a new table above $900, right? So far Mr. Market says "Wrong."

RMK's market cap is a mere $16 million or so (131 mm shares, 12 1/2 cents apiece! But that is exactly why it is interesting. It is definitely out of favor, in a region that is experiencing tons of fresh drilling and exploration money pouring into it!!!!!!

Laurion Mineral Exploration, another one working claims in teh region including an old mine site, has an even tinier market cap of $5 million (66 million shares times eight cents).

LME did get some volume Friday, more than half a million shares. It let somebody get out at nine cents :)

http://www.laurion.ca/



Alto ventures, which i own a few thousand of, ATV.V, has
96 million shares sitting around at 10 cents apiece, for a market cap of $9.6 million. that was easy, wasn't it?

It's not like Alto isn't finding anything. They put out a release with this headline on July 24, just a week or so ago.

Thu Jul 24, 2008
Alto Samples Up To 59.5 g/t (1.73 oz/ton) Gold At Greenoaks, Beardmore-Geraldton Gold Belt, Ontario

http://www.altoventures.com/s/NewsRe... .

Here are two others in Beardmore-Geraldton. Sage Gold, SGX closed Friday at 20 cents.

http://www.sagegoldinc.com/site/Desk...

Ontex, which controls an actual gold deposit called Brookbank in the region, which has great potential for growing in scope, has a market cap under $40 million ( 90 mm shares times 43 cents).

http://www.ontexresources.com/