Slide 4 from KXL Jan 18th presentation:

Growing Shareholder Value in Today's Market:

1-Establish economic viability of Hercules as a Mine development project:
-43-101 resource estimate, pre-feasibility, bulk sampling
2-Traditional exploration:
-Continue aggressive exploration of Beardmore-Geraldton property package, West Millennium and seek new exploration projects . . . . Drilling for new discoveries
3-Business opportunities:
-Actively seek undervalued assets that can grow the company rapidly

1 is ongoing and underway... we know that. 2 has been ongoing from the get go... we all know that. What about 3?... When will we see KXL acquire "undervalued assets that can grow the company rapidly"?... Remember this does not include land acquisitions for purpose of exploration... that was covered in 2 "seek new exploration projects" and they have done lots of it. They haven't done any of what is suggested by 3... to me 3 suggests something along the lines of 'ounces in the ground' as someone suggested earlier... they have the money... they have the 'board power'... only a matter of time?... SGX just acquired some decent 'ounces in the ground'... if they can do it surely KXL can do it... that could change the landscape here dramatically IMO because they also have the money to advance certain properties to production.

red911