Re: Undervalued

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Ganalane

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Re: Undervalued

in response to

Re: Undervalued

Brulenorth

posted on Nov 06, 2007 06:21PM

I am not an old hand at this, but here are my two thoughts on the subject.

First of all, while I think gold has considerable upside, over the long term it doesn't do much more than keep pace with inflation. An ounce of gold 100 yrs ago bought you a fine suit of clothes as it did 30 yrs ago as it will today. Short term... the pendulum can go to extremes.

second, I would think that drill results waaaay trump the price of gold in KXL's case, as the property is some time from being sold to a producer, let alone the beginning of mining.