Very good Coach. I agree.

I am long on KXL, but also think that it is a tad ahead of itself at this point. I am waiting for the next little pullback to load up a bit more. I think the valuation is in part (because the drills have not yet shown) due to the fact that this region has a very long history of mining, with very good grades. That alone, IMO, has this stock were it is. Everyone has heard it before but the best place to look for a new mine is beside an old mine. RMK has the old mines, and they were very rich mines indeed, with more to come (as everyone knows).

If KXL was poking holes in a virgin area where no man has gone before, I'm sure the market would be a little more hesitant about investing. As it is, this region has proved to have high grade gold in the past, and will do so again... in due time (IMHO).

lappeKman