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Message: Re: Chuckdog is king
1
Jun 04, 2008 10:22PM

Re: Chuckdog is king

posted on Jun 04, 2008 11:33PM

Well...I know why you're "very poor" now. Its because of multiple vision problems.

1) Lack of foresight
and
2) Failure to see a sure thing

I believe the lack of foresight is an issue because you obviously waited too long before buying. That "whopping .40c" you speak of actually made me $8000 in 3 days. I'm sure it made many more people several tens of thousands more than that but I could only put in what I had.

What I mean by "Failure to see a sure thing" is that National Bank put out a brilliant report yesterday and you obviously didn't understand it, or you haven't read it. Did you not see that they gave a 12 month target of $5.50/share?

That number was extremely conservative and was almost solely based on the Hercules project from what I saw.
Not to mention that they only inferred 3m ounces at an in-situ value of $150/ounce.
By my estimation we're talking more like +5-10m ounces at most likely an in-situ value of $200+/ounce. Thats not even including the Otish or Athabasca properties and really disregards Caribou almost all together (for the time being).

Lets not forget that this analyst from National Bank does nothing other than value companies all day long. So his numbers will most likely be more accurate than any of ours. Also he has access to numerous geologists and other data sources that we don't have.

Because of these factors I'd say the $5.50 mark is most likely a gross underestimate of the value of KXL. But thats just the nature of stocks, the "good guys" under-estimate and over-deliver. Lets hope thats the same case in the SP target price.
Cheers.
Gamblor.












Jun 05, 2008 04:26AM

Jun 05, 2008 05:43AM
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