No date for resource estimate - I'm personally guessing 2-4 years or so. This is the first time they're made clear mention about making such an estimate. It takes a lot of drilling to accomplish that. KXL acknowledged our own napkin-calculations but they need much more solid data. Snuck into core shack today as well - a zoo.

Confirmed total spending is probably under $7m this year, all inclusive - Bill C. is watching the pennies, and I'm happy about that. That gives us roughly 4+ years of exploration, into 2013. Sounds good.

I visited every other booth at the show and asked people how much cash in the bank they had. A small handful had $20m, a bunch had $5m, many had $1m, and no junior had $30m like KXL.

Confirmed typical greenstone grade is 9g/t, and not 9g*m/t. Still, operating mines even in hard rock are producing with grades half of that, so we still look ok there.

Talks confirmed that non-precious-metals are in the tank overall. Hard to raise cash on that stuff. On the flip side, a bunch of gold juniors have had recoveries in their prices right back to last-summer prices. The only bright spot seen in mining was gold.