$0.20 per share cash...

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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red911

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$0.20 per share cash...

posted on Nov 10, 2009 08:20AM

When companies go through news droughts... which do happen for many reasons... as we have been in with KXL... I often lose sight of some of the big reasons I initially bought in the first place... one of those reasons was KXL cash position... even with all the drilling and exploration that has been done... the extraordinary high hit ratio... talk of NI 43-101 resource estimate in early 2010 (i.e. next 3 moths or so)... also talk of preparation for bulk sampling... all of which has been mostly paid for and KXL will still hs about $0.20 per share... cash... not bad for a junior explorer emerging from the global financial crisis... KXL is undervalued compared to it's peers... period.