Re: PDAC...

TODAY'S DISCOVERY, TOMORROW'S FUTURE

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red911

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Re: PDAC...

posted on Sep 18, 2009 10:27AM

LB: Below was my post on resource number sooner than later some time ago... i agree with you... but like you said the general concensus here is early 2010 or thereabouts... they have just been quiet for so long and have likely done enough drilling to calculate a number for the central portion... it's just a matter of putting results from last year and first part of this year together... all the hard work for this was done long ago... now just number crunching... IMO there would be no harm in doing this at this stage... and would easily bring KXL to the 'next level'... of course would be recognized by the market as an initial estimate but would have the potential to make the market take notice and say "wow they have X ounces in just that relatively shallow high grade section?... and they have X kms of strike length not included in the estimate?... and they have only drill tested to 1km?... impressive"... that's what I hope would be the reaction LOL.

red911

NI 43-101...

posted on Sep 05, 09 12:35PM

IMO... the next step for KXL is to complete a NI 43-101 resource estimate for the central part of the Golden Mile where they have concentrated the majority of drilling thus far.

I know others here think that it is too early for this but I really don't understand how... they have done the drilling... that's the hardest part... they have also already completed a NI 43-101 report... just not the resource number... would not take that much work or expense (relatively) at this stage to complete... get a number out there and add to it from there... if KXL came out with 1-2 million oz deposit based on relatively shallow central portion of GM alone... combined with likely latest expansion of high grade zones from recent drilling yet to be announced and obvious deep potential... that would make people stand up and take notice... would take KXL to the next step... I really hope they have been working on this quietly behind the scenes while just drilling with 1 drill for most of this season thus far... Comments? JMHO.