XRC has many ozs but is very low grade and I belive unclear economics. EVERY project is different. Barrick paid $150 per oz for Arequipa becuase they knew there were more ozs than reported to date. There was a buyout last year, I think by Goldcorp, over $200/oz defined. Again, becuase they knew more was these.

KXL may very well get $200/oz and it may get $100/oz, it is going to depend on overall potenital and mining cost. They are going to have to prove up 2-3 million ozs in all likelihood to get major interest. The potential is certainly there for that and more but one needs some fancy computer modelling sotware to determine ozs defined and costs to mine. In most cases, like Aurelian, the math was done on these threads and done acccurately. They 'only' sold for $88/oz becuase of the political situation in Ecuador. Put that same ore body in Timmins and that was a $200/oz sell.