If KXL announced today that there are 1.67 million ounces in the Golden Mile - what would the share price be?
I think KXL is 80 cents due to potential. When they come out and tell the world that there are 2 million ounces in the ground - then we will see a better share price.
KXL has great potential and numerous comparisons to great deposits. The infrastructure stuff and political stability also weigh in our favour. What we don't have (yet) is a reliable estimate of ounces in the ground.
The KXLers eagerly await that announcement!
KG