Yep!
We have to face reality. Those of us (suckers) who invested at prices anywhere from 5$ down to 30 cents have had our heads handed to us.
All of KXL's recent promotion (Milestone) is aimed at new investors (traders).
This company is basically back to Zero. We can talk about having a 43-101 with less than 1 million ounces. Ontex has one of those as well. Where are they?
I have said it before and will say it again. NOBODY is going to plunk down hundreds of millions of dollars to dig a kilometres wide crater for only to find a million ounces!
The Super Pit in Australia is kilometres wide, but it produces 800,000 ounces per year. PER YEAR!
Back to Zero I say. Prove me wrong.
KG