KXL Value Now...

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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red911

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KXL Value Now...

posted on Aug 31, 2010 01:34PM

Now that KXL has acquired a respectable deposit... The question now is...

What is the 453,190 ounces Au measured and indicated and 1,178,120 ounces Au inferred worth?

At 20 cents (current share price) and with 175M shares out (balance after this deal is done)... the market is currently valuing KXL ounces at about $21/oz Au in the ground... That is low no matter what report you read (estimates do vary) and that is also giving no value to any of KXLs other properties or cash position.

ron... I agree it would seem puzzling why GGR could not 'go it alone' with their very low float etc. Why did they want to merge with KXL? My guess was they were given the insider scoop re: ongoing programs and 'likely' news to come.