Re: Not sure & on the fence
posted on
Nov 24, 2008 04:44AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
News has to be significant in order to require its release. KXL has already released hundreds of drill results showing everything from 5 g/t and up. Would you change your investment approach to KXL if they released one more drill result showing 5 g/t? Two more drill holes? 100? Do they need to issue a press release if a worker picks up a rock with a shiny bit in it? Each and every assay result adds incrementally to the picture, but it's a judgment call as to when the extra results add up to something significant. Maybe they only become significant after interpretation of the complete set of drill results, when the geologists can produce one of those pretty color coded pictures showing a 3D picture of the resource. One thing we know right now is that KXL has a lot of leeway in deciding when what they have found out is significant, and when to release results. I'm in this for the long term, and am confident that eventually we will get the results we want. As for the share price, results right now mean nothing compared to the overall market forces. Even profitable producers with huge proven resources are being pounded into the ground, and I don't see why anyone thinks that a pure explorer like KXL would do any better no matter what kind of results they release.