I have been in and out of all the area plays, and net lost money on them.

I figured out after a while that SGX and ATV have much smaller land and much smaller $ and operations, and were not the same kind of quality play as KXL. As I learned with motorcycles, stick with quality and forget the rest.

RMK is "minor league" as the others here say because they are trying to spend tiny $ to accomplish tiny mining to achieve tiny production. It's not the same professional calibre at all. They are also immensely diluted. All of the above also suffer from overhangs of old cheap warrants and options.

The other "area plays" I can't take seriously, nuff said.

That said, when KXL gets halted and nobody can trade it for a day or two, the other juniors in the area go nuts because that's all people can trade. On a per-penny basis you have more leverage and could make some good $, but as usual the risk level is more sky-high the tinier you get. I figure KXL is the risk level I'm comfortable with - with 50 cents a share in pure cash from the PP, vast land package, professional mgmnt, and at least some gold everywhere they look.

The main risk factors for me are 1) the veins tend to be narrow, so it might be hard to 43-101 a huge block, 2) truthfully, using other juniors as a yardstick, you may see many many probably quite good drill results come and go before the SP is solidly higher, 3) nobody has xray vision and there is always risk as to what's there, and 3) the US financial system is imploding (another $15B in writeoffs tomorrow), and that may or may not hurt us when people are desperate for cash.

Yeesh, I'm starting to sound like Chuckdog. I am very positive about KXL and have serious $ on the line with it. My feeling is that that there are some unknowns, but the dice are loaded in our favour, like betting on the Chinese yuan, or selling option put spreads.

Coach247's words do really stick in my mind because he's been on the money consistently. He did warn us that we were ahead of ourselves above $2.50 last Fall, and that the whole proving-up process takes months/years. I don't like that answer but then I don't like getting older either. Just life.

KXL probably wants to get a backlog of drill results in hand before next release so that they have momentum to issue a steady stream of NR's over the year. Overall they will be keen to make their buddies who bought in at $3.80 and $4.80 happy. And that should make us happy too.