Well Gentlemen,

I've been following this thing down since I bought it. Knife still hasn't hit my foot yet.

On Feb 5, I wrote the following:

I have issued similar complaints before, and will continue as long as I feel KXL is moving in the wrong direction. The first bold statement was clipped from KXL's Agoracom page. It is pretty obvious which project they feel is their flagship.

Diversified properties with exposure to gold (Golden Mile), base metals, and uranium.

The next 3 bold statements are from KXL's website and this is where my frustration lies.

The continuity of gold mineralization has now been confirmed to a downhole depth of almost 1000 metres, and the vein remains open below that.

Gold continues to be intersected to a downhole depth of 1,000 metres.

Drilling will also continue to follow the Golden Mile vein to depth as these types of vein systems can extend to over 2,500 metres in depth and Kodiak has only explored the upper 600 metres of the system, thus there is an opportunity to expand the system four-fold at depth.

Am I missing something? 2 of Canada's most prolific goldcamps are in the Red Lake and Timmins archean deposits. In those areas they went deep and found LOTS of gold. KXL is telling me that they think the Golden Mile has potentially much more gold down deep. So why has there been very little drilling below 1000 metres?

Later on Feb. 5, ExplorationGuy followed up my rant with the following response:

There's no reason to expect the veins to increase thickness with depth. The gold bearing vein material was injected into existing faults in a large granite body( Elmhirst intrusive). The fault widths are usually fairly constant. Since the time of injection the veins have been altered ( cooked) which can cause a thickening and thinning of the vein( pinch and swell) but there's no obvious change with depth. The intercept widths are shown on the long section. They have tried chasing some of the higher grade shoots down to about 500 m depth but haven't found grades as high as the near surface ones. The ore shoots at Red Lake were folded ( bent) at depth so they found some thick, high grade intercepts when they drilled the fold hinges.

After reading this information, I knew that KXL was a Bust. It would appear that ExGuy probably suspected the same. And no stones thrown at ExGuy - he was merely stating things in an honest manner.

How many of you would admit that KXL brass probably had the same thoughts prior to Feb 5?

Were we fed a steady diet of Bullshit in 2010?

I still think there are 1 million scattered ounces in Golden Mile, but NOBODY is coming to dig them out! At least not in this decade.

KG