Amazing... 36 recos and counting. Obviously a great 'Technical Corner' presentation.

In addition to fantastic commentary re: Onaman and Jacobus Golden Extension, one quote that really stood out for me re: Jacobus Cu-Ni:

"We have recently done some geochemical work on analyzing various metal ratios which can indicate where you are in terms of the massive sulphide system. The geochemical work suggests that there may be a deeper more massive sulphide at depth. We're evaluating that work now. We've also done metallurgy which we're in the process of evaluating. So this is going to, potentially point to, an eventual program to trace this down-dip particularly with the geochemical results."

For those new here... excerpt fro Jan. 18, 2008 NR re: Jacobus Cu-Ni and "magma chamber at depth"... this was hot topic of discussion in the early part of 2008:

"However, the presence of pyroxenitic fragments which are estimated to be 10 per cent of the fragments in the inclusion-breccia mineralization suggest that at least some of the fragments were derived from an ultramafic part of the intrusion, or from a magma chamber in the lower crust. Based on previous studies and preliminary current work, the Ni-Cu deposit has a simple mineralogy of pyrrhotite, pentlandite and chalcopyrite, with minor magnetite and pyrite. Ore to metal ratios and geological relations for Jacobus show similarities to Xstrata's Montcalm deposit located outside of Timmins, Ont."

The following cross-section of the Jacobus Cu-Ni deposit was released subsequent to this NR. Note the scratchy red area to the lower-left. This area was not depicted in previous versions of this cross-section... this area represents, as explained in recent 'Technical Corner' presentation, "deeper more massive sulphide at depth"...the geochemical work was done to test this... seems they have confirmed there is likely something else (typically larger and higher grade) down-dip. SGX will need some money to continue this exploration no matter how favorable chances of discovery may be.

Let's hope SGX can use their 'financial expertise'... can't see them doing a PP at these prices... unless exclusively to insiders (my first choice) or large institutional buyer (i.e. bought-deal) at a higher-than-market price... further dilution at these prices not acceptable given prospects of very significant discovery at SE Jacobus IMO. Make them pay. Different market I know but they were willing to 'pay' for KXL... SGX just need to remove any doubt of extension with extensive stipping, trenching, and sampling (underway!) and then some comparable drill results. The rest (as they say) will be history! LOL

red911

P.S. KXL just went green! Hope it sticks. Will reversal be as dramatic as the drop? Never know.