posted on
Jan 14, 2008 08:11AM
TODAY'S DISCOVERY, TOMORROW'S FUTURE
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Message: Coach
...Just added another bid for 1000 more KXL @ $4.08 and may continue buying if it dips below $4. I think its temporary, a great presure release valve after KXL has been trading so high without any consolidation.
And in regards to some of the lower grade results that were bundled in with the great intercept, this is a fact of the deposit. The grades are extremely variable due to the nugget effect from the visible gold that occurs along with the dessiminated stuff. It is far more important that people appreciate that the mineralization is CONTINUOUS! They have hit gold in each and every hole!
Why is this important? When you are mining, you advance a tunnel and access the ore zones. If you know you are going to recover some gold from every tonne you extract, and you are extracting hundreds (or thousands) of tonnes per day, then the higher and lower grade zones blend in and its the average grade and continuity of mineralization that determines the economics of the operation. So as long as KXL continues to hit gold along strike and to depth, the value of this deposit will grow.
cheers!
mike
9 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply