Burn rate in 2009 will NOT be as aggressive as 2008. They will be conservicng cash where they can. Shareholders have been told that they have enough money to pursue their plan over the next 2 years. I do not think financing is an option KXL management are considering.

If we still have 30 million in the bank and it is too last over the next 2 years... they are expecting to burn on average 1.25 Million / month. Now granted, some quarters may see much higher expeditures, while some other quarters might be a lot lighter.

This management knows that cash is king and I believe will do everything in their power to conserve it, but not hamper their overall agenda - i.e. "find the gold!!!"