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Message: market evaluation of kxl

market evaluation of kxl

posted on Feb 12, 2008 03:51AM
Kxl has 88,000,000 shares issued,which gives a market cap of $211,000,000.If you use a gold price of $200/oz in ground based on country (Canada) and location ( good infrastructure location in Ontario ) then the market is saying that there is a little over 1 Million oz of gold in the discovery.This of course also is giving Zero value to the other divisions!.If you believe that Kxl will prove up more than 1 million oz then you have to conclude that the company is under valued and will increase in value in time. Market conditions are what they are but this too shall pass.Someday I believe we will look back at Feb 08 and think what a great buying opportunity we took advantage of....or didn't! Rico
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