I guess if I could only have one of them I would keep KXL. I like its 100 percent ownership of the large, very prospective tract, and the fact that it is selling for less now than prior to its initial discovery in october 07, when u subtract the cash.

Kodiak, I figure, has $37 million left in cash, and one good but very big gold camp all to itself, 100 percent. (on the cash, i am roughing out my own numbers based on what they've said plus a burn rate of maybe 1.5 mm a month.

Premier does not have THAT cushy a surplus of cash, probably more like $17 million. and on three most important premier deals of the recent past -- red lake, geraldton, and baja, mexico, premier does not own 100 percent. in red lake it is 49 percent for pg and 51 percent for g.to. with roxmark in geraldton pg is earning 70 percent. in baja, PG is earning up to 65 percent in a deal brought to the table by sutter mining.

but what that does give premier is more diversification. theyve got three tickets in the lottery drum, as the casey research group tends to say. i know the argument that kxl is really diversified because it has so many prospects on teh one big property. but i am talking geographic and political diversification. these guys all hv to deal with provincial governments, too.

the new premier deal is largely an unknown to me. downie seems pretty excited about it. the barrick stuff, denoted as the GL property, will be transferred into the jv premier has with roxmark, so roxmark gets something out of this too.

http://www.premiergoldmines.com/s/Ne...