I am heavily invested in KXL(approx 30% of my stocks) and still confident about the final outcome. However, the reality is in my mind, for at least the better part of this year, that the SP will be pretty volatile and probably not have too much of an upside. It is impossible(I think) to prove that we have a mineable deposit in such a short time. If we get a very good NR, yes there will be upside, but not dramatic because it will not be sufficent by itself. It is only after lots of analysts etc are convinced, based on several NR's with positive results over a pretty long period of time, that this indeed will become a mine, that the SP will double, tripple etc. (you can never wait too long for a good thing). What Hodson thinks now, does not affect the end result, but it tells us that we have not convinced everybody yet.