It is interesting to watch the debate play out between the bulls and the bears. The bulls just want to talk about the high grade zones, where big hits were reported, and often people just make projections for the entire property area based on one higher grade intercept, as if there are millions of ounces already lined up. The bears on the other hand, pretend that all the intercepts are low grade and uneconomic. They would have us believe that nothing of interest has been uncovered, except for isolated pockets of gold.

What is lacking is a sense of proportion and reality. Mother nature put these deposits in the ground with a randomness and variability. All deposits have some degree of zoning where characteristics change from one part to the next and therefore the grades and richness will also vary. In a mine plan, you do not have to extract every part of the vein that has been identified. Mines are selective, and a mine plan will identify which parts of a deposit can be economic, leaving the remaining gold in place.

Given the variability of the deposit, my feeling has always been that the best and most exciting grades are yet to be encountered. That is typical for most vein hosted deposits. Often exploration continues for years before the big motherlode is hit. The high ratio of gold encountered so far is simply an indication that the chance of getting something really rich is very high.

I have been fortunate to chat with Brian Maher and Bill Chornobay many times now. I do not think the guys are just great salesmen. They are legitimately committed to this project, and utterly convinced that there will be more exciting results ahead. Brian in particular has forgotten more about mining than most other geos will ever know. If he is excited, I am excited.

All the comments on the forums do not count for a hill of beans against what the opinions of these people amount to.

Again, I will re-iterate what I found was significant in the news: KXL has established that high grade gold occurences extend across hundreds of square kilometers. It has been barely a year since they started and look how far they have gone. IF the entire area of interest was limited to just one medium size property, and we were hoping to find something at depth, it would still be worth hanging in with this stock. But to know there are targets and entire project areas that have not even been tested yet, and that the known strike and depth of what we DO KNOW continues to expand, the overall odds for success just keep growing.

I do not focus on the "40cm intercept of 2 gm gold" that has scared some people. I do focus on the 3km extension of prolific gold zones. The fat zones are probably going to come sooner or later.

cheers!

mike