Thanks, sparklingwatr - a very interesting read on Sangold. Their report is pretty good.

Sangold's market cap is twice that of KXL's, with a share price also in the $2 range. Very different companies, in that Sangold is a producer (100,000 oz/year), although they continue to vigorously explore. Their total reserves are between 400k oz and 1.6 m oz, depending on where you draw the line. Their total property is very much smaller.

Same as KXL, they are also in a historic and good mining district. Highlights in Sangold drills are between 0.3 and 9 m wide, i.e. narrow veins. Their cutoff of interesting drill results - ">90% of all holes drilled to date along horizon hit gold values >1 g/T" is only 1 gram/Tonne. Their stock has zoomed in the past few years compared to the other miners (although it has been relatively hammered very recently along with all other miners and juniors).

Interestingly, Sangold had similar surface and shallow values, and they hit paydirt down at 1200 meters (4000 feet), and are working much deeper than that (mechanical repair station is at 1360 meters = 4500 feet). And here we are all hiccoughy having only drilled to less than 400 meters.

As an old construction boss of mine (Alf Pratt - I wonder if he's still around, God bless him) often said, "let's not get all bent out of shape."

The bottom line - narrow veins of 1 gram to pockets of a few grams/Tonne can for make for a thriving & wealthy mine. We have the same kind of early values they did but a much larger prospect than they do.

Thanks for a good read.