The only good news I took away from the conference was this...

If you are going to invest in juniors during this time, invest in juniors with:

1) At least 1 year of opperating cash, preferrably 2 years.

2) Outstanding management.

3) Large deposit/resource.

4) Exploring for Gold and/or Silver.

5) Politically safe country.

KXL covers all of these points easily and it is the reason why I invested in KXL in the first place and will continue to be an investor of KXL for years to come.

Many explorers out there do not have cash and this was obvious by the reduced number of explorers at the Toronto show. I suspect many will go into care and maintenance for a while.

m.z.