Mike (coach),

Thanks for the reply. Details always help. I agree with everything you say, and your statement that insiders would be willing to help with further financing if (when) the time comes is certainly a plus. However, a financing at .60 will be much more dilutive. And no matter how many projects and drill holes they have, how much land they control, or how much better they can interpret the deposits, nothing really counts until they hit the motherlode or delineate a mineable resource. I would like to see them do this before the present cash runs out (or even gets to the level where they get desperate). The amount of cash relative to the stock price makes little difference except to new investors, what really matters is whether the amount of cash is enough for them to find what they are looking for. Institutions will only jump in when KXL announces that they have found it.

Best,

spiny