Red--you may be on to something. Sage number 1(being next to KXL and golden mile) is now number 2 or lower, SGX is 3-4cents a share or back to where it was 2-3 years ago. Last 2 years they have found 0.. Kxl number 1(golden mile) in now #2. Does that mean there is nothing in those hills or nothing that can be extracted profitably? Looks that way to me. So KXL is only worth what they have in cash? They are back to square one , which is looking for something of value that can be extracted for a profit. Mz Smith is assuming they are worth 24cents based upon what they have reported they have in cash. Anything over that is just throwing the dice, in my opinion..

These companies are worth what is in the ground and price can vary based on market conditions. You are right, this is nothing other than an exploration game we have all chosen to play.