I'm not clear on this. For example, in order to keep the Brenbar option they were required to make a payment of $30,000 plus 10,000 share.

Some properties have payments that go on for years, such as $15K in year one, $30k in year two, $50K in year three, and so on. So the company can't sit on them, particularily if they don' t amount to anything... as most do.

Next time you see a company pick up a property, check out the deal further. Sometimes the conditions are staggering, especially if they picked up the property from an insider (I'm not directing this statement at KXL).

I applaud KXL for thinking "regional" as the Beardmore-Geraldton Greenstone belt is very long and the possibility of other major finds is very good. I wonder if KXL had an opportunity to get into bed with Roxmark before Premier Gold got on board. PG had some nice holes.

Several companies are one trick ponys, I am happy that KXL is not one of them. At some point the stars will align and we will shine brightly once more. All imho!

p.s. Portee, have a good trip and stay off the ripple until you get there for goodness sake!

Sam

Sa,