Hi Mzsmith!
I would agree that the structures cannot all be mineralized. However, the more targets that you have to test, the better the odds that you will find something of value. The early stage results that have been reported so far are very encouraging, and that is why I continue to hold KXL even though IMVHO the stock is currently trading way ahead of itself. For sure some of those veins are going to be barren and perhaps when we get the first hint of bad news some of that market premium may vanish. But overall, they have the money to go after the entire system, and I like the chances that they will hit at least one major deposit area that will build value for shareholders.
My outlook has not changed. This is going to be one wild ride. There will be plenty of opportunities to take profits and buy dips along the way. I think owning a core position is the way to go, but I would also think a trading allocation is a good idea. As long as the blue sky potential remains open, then speculators will be attracted to the stock. And as long as they can hit zones that are high grade, the stock should have some awesome spikes in volume an share value.
cheers!
mike