buygas,todays market cap for kxl is $158 million so 1 million oz in ground would be valued at $150 million at $150/oz. If this is close then the market is valuing caribou plus otish at next to nothing.This would lead you to believe that there is still a lot of upside especially if there is more than 1 million oz in ground. I saw the same situation with Dynatec where early on the company was valued only on its shares of fnx and nothing for Ambatovy.Then Sherrit bought Dynatec to get Ambatovy!