Every impression I get is that a target would have >1 million oz inferred (as said at shows in the past) that the market is giving a very low valuation to in share $ / oz. The assumption is that the current management of a target has no money and no gumption to get it on their own, and KXL's geos would know just how to drill to make the oz worth say, 3 times more per ounce.

Such a company would have to be paid for with shares to an extent, which would be dilutive. And additional value wouldn't be established right away. If a new, purchased asset was raised in value by a factor of 3, it might raise KXL's value ?? by 50% or so. Or whatever market impression can be achieved.

It would be worth it for this board to try out some of the possibilities - e.g. how many shares are then outstanding in KXL (190 million?), what it would do in the short and long term to the KXL share price, what the strategic implications are, and what suitable targets might be or look like.

Anyways a good set of questions you raised.