Virginia is an excellent analogy here.

To carry it one step further, we are at the point -- with Hercules alone -- that Virginia was at six months before cutting a deal with Goldcorp on the Eleonore gold prospect in Quebec province.

What Virginia did in those six months was drill that property like a banchee, making sure they had uncovered as much potential as possible before the offers got too good to refuse.

I think Hercules is going to be considerably bigger than Eleonore, and more valuable, and gold is a lot higher now, but the rough situation is similar.

One similarity I suspect but have no confirmation of from anybody -- is that major gold producers have already signed non-disclosure agreements with KXL so they can see the data we are not yet seeing.

aqLL