Re: What is this company doing now anyhow?...

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red911

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Re: What is this company doing now anyhow?...

posted on Jun 10, 2010 07:56AM

" My guess is a share swap merger - with KXL bringing cash and the target having a 43-101 1m+ oz resource."...

I'll say it again... SGX?... Currently working on a bankable feasibility study to bring Borealis into production... Production 9 months from construstion start... Cost to bring to production just $18 million... SGX will also likely be drilling another past-producing NI 43-101 Au property (Clavos) very soon as well... Would also obviously consolidate both companies BG land holdings... KXLs cash and SGXs new property agreements could be beneficial for all... Nigel Lees will be new CEO of combined company.