Sorry Folks,

My previous post may have been misinterpreted a little.

I am not down on KXL (or Sage). I like both and hold lots of Kodiak. I was just trying to point out how comparisons between these companies does not bode well for Sage's share price. Unless they hit HUGE grades in their 3000 metre drill program.

I know that the Golden Mile is only one of KXL's many projects across Canada. It is however, "the straw that stirs the drink", for now. Investors look at KXL and want to hear about gold coming from the Beardmore camp. The Market also knows that Sage is exploring the same structure only a few kilometres away. Like it or not, Sage is tied to Kodiak. Unless they hit HUGE grades in their 3000 metre drill program.

If an investor looks at what KXL has done in the last 2 years they will see certain trends:

Oct. 2007 - KXL announces very good gold grades in channel samples.

Oct. 2007 - Share price skyrockets to $4-5 range.

Oct. 30, 2007 - KXL announces plans for a 60000 metre drill program after limited shallow drilling revealed more good grades.

Nov. 2007 - KXL share price is briefly over $5.

In spite of OK drilling results and periodic news releases, KXL's share price has steadily drifted down to it's current trading range.

So what does all this mean to investors like me? I have about a year to watch Sage before jumping in to buy (they are at KXL's Oct. 2007). I also know that I probably have another 6-12 months to watch KXL and be ready for more buying opportunities (if I have some cash).

Short story - At his point in time I am holding KXL, while Sage does not appear to be a Buy & Hold opportunity. There seems to be other places to earn some returns and/or dividends.

Be well KXLers.

KG