Hi IVL!

I thought it was pretty funny that some bozo on SH was complaining that KXL had no value until a NI43-101 resource estimate. That is such an unrealistic comment that it either indicates some people are truly ignorant in terms of what can be accomplished this quickly, OR, there are some clowns that are lurking in the weeds hoping to stampede others who have no clue.

I regard this volatility as perfectly normal and way overdue. Speculative stocks tocks just do not run several hundred percent without backtesting lower levels and ejecting some of the weaker shareholders along the way. KXL appears to be a very good bet to eventually prove up something of value, and that deposit could amount to many millions of ounces. So even with a market cap of nearly half a million dollars, the stock is still fairly valued in terms of the speculative potential.

I have always called for some form of correction and I know some people resent it perhaps think I am bearish. I am very bullish on the story, and have been all along. Lets see how long it takes for a more rational market to prevail.

I have another bid in now at $3.83 but I may have missed my chance. If the shorts jumped in for a quick trade today, knowing the news was out of the way, they will probably look to cover soon and it could drive KXL back up quickly.

Overall, I am very happy to see normal trading kick in, and very happy to have added to my position in KXL. But I am most happy that the strong results continue to pour in and the risk level to own KXL is now lower than it was yesterday.

cheers!

mike