Great post KG - thanks. Indeed Premier has other irons in the fire. However, KXL has done the hard work and committed the expense of drilling below surface, and our results so far in the Geraldton area look a lot better than Premier's. Albeit narrow veins, we consistently turn up gold and it's still within the mineable range. We have the numbers and have a pretty solid lock on 0.5-1 million ounces, and lots of believable prospect for more, both in the GM and esp. in West Geraldton and Kaby Lake or whatever it's called.

Things go in and out of favour. I try to buy things when they're out of favour, as KXL is just now. Why buy something already at its top? The explorers are the last to go up - the small producers are already being buoyed by the market.

I am actually not surprised if there won't be a uranium show at PDAC. I think Keith is a great geologist but was overly optimistic about how long it would take to drill into a plume of uranium, even if KXL is super-lucky to have a hole that shows all the signs of being right on the edge of one - that's very difficult to do if you have hundreds of square km to explore. The drilling conditions in northern Sask for uranium are different than Geraldton and I'm hoping that KXL keeps working on it right through the next few months, which is a period typically short of news. Perhaps someone can quiz them on that at PDAC?

The exploration juniors are at historic lows, and KXL is right there along with everyone else. We have results and we haven't droppped below the norm - everyone in the small explorers has dropped. Investors (like me) are white-faced in shock at the drop in their net worth from last Fall, and that takes a while to thaw. Eventually the sun comes out, a bit of greed catches hold again and investors dip their toes in the water. Gold is "where to be" for this Spring/Summer so I'd guess that the winds will shift in our favour over the next few months. The other factor is that at these very low prices, there isn't a lot of downside and there's a huge range of upside. Hardly worth selling, methinks. If Canaccord and the institutions aren't offloading and are accumulating a bit, instinct tell me to hang with the more-patient smart money.

Me, I'm thinking of going to a sunny place to forget that Bush or subprime ever existed.