TODAY'S DISCOVERY, TOMORROW'S FUTURE

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

Free
Message: Van. Presentation

Will we run out of money before something happens that will enable us to get to production or make enough off of at least one of the properties so that revenues are enough to maintain and grow the company? That's the big question. As of now, we simply haven't been given enough information by the company to know the answer. Does KXL know the answer? Or are they working on a deal or working up results that will provide us with an answer? Or are they getting desperate, looking at the assays and realizing they haven't found an economic resource yet, and reduced to hoping that one of the drills will hit the motherlode?

At the Toronto presentation, someone asked Brian about a sweet spot. He rewound to slide 13 of the presentation and explained the answer to the above question I believe. Each horizontal line is 50 foot intervals and each vertical line was 62 feet or something like this. If you look where the bright red is - it is right at the surface (0-50 feet) so they know where the easy stuff to get is. He did mention that is where he expects to start as it is easy to get to and has a very high value per ton. This would fund the ongoing operations but admitted the lack of a mill is another issue... They do have a game plan he mentioned and is following it.

Share
New Message
Please login to post a reply