Re: Kxl strategy - What I don't understand
in response to
by
posted on
Oct 20, 2008 04:48AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
It seems to me that KXL has prioritized Hercules as their main target for proving up a resource in the near future as they have kept several drills on this site through out the drilling program.
The other 5 drills ( I believe ) are testing new targets which the Geo's determined warranted drills at these locations.
I am certain that management has done a in depth spread sheet as to cost of this strategy so that funding remains a non issue during these volatile times and that within a certain time frame prior to running low on funding thay will have an agreement with a major to fund further exploration of their many other targets. Due to the size of KXL's holdings and the fact that many other mines are peppered all around KXL, I think that over time KXL has the potential to prove up a number of mines. JMO