It seems to me that Goldcorp/Barrick etc., would be more interested in a near term producer (San Gold, Kirkland Lake, etc.) rather than a high risk explorer like KXL.

I am an extreme long on KXL, but if I was a major, in this market, I want near term cash flow, OR, a steep discount to cover exploration risk and capex.

JMHO

MB

P.S. This is f#*king excruciating......