Lovely animation, no doubt about it. Completely different kind of deposit - low grade (0.4 g/t cutoff) previously mined deposit. No doubt we'd have a pretty picture to show after the 43-101. The 3D views we've been shown already are quite nice. At a cutoff of e.g. 4 g/t (10 times richer grade) we have a fairly nicely defined deposit too, based on the drawings we've seen so far.

They are showing 8.4m oz at that low cutoff grade - I doubt that the majority of that would be recoverable, and if prices drop then the cost of mining a low grade deposit may make OSK's deposit to become uneconomic in some periods of time. But I'm not a pessimist - I own OSK too!

Our deposit, I figure a larger proportion of it would be recoverable for a lower cost - hard rock, but much less rock to put through a mill. A possible 2m oz 43-101 in a concentrated emplacement with a clear and understandable structure may well look more interesting to the market - I sure hope so.

One place where I differ a bit with KXL mgmnt is the plan for quite infrequent, large NR's. I do understand not pimping the stock with a release every 2 weeks. But this schedule of something on the GM every 6 months or so (??) is too thin a gruel for my liking, tasty though the reports are when they're done. I hope to propose continuing the current analysis schedule - big deep analyses done infrequently - but then issuing 2 or 3 releases based on each of them based on those conclusions - might give KXL a bit of necessary visiblity in the market. Perhaps someone will mention it at the AGM, possibly me if I'm there.

I am figuring and hoping that the Richardsons et al have said that they know they're in for the long haul, and that the sags in the price before e.g. the 43-101, then e.g. development plan etc, that the big players don't care about it that much until then - the stock is just cheaper to acquire more of (an example of that might have been the $1m put in a few weeks ago).

I remember Warren Buffet saying that if you believe in a stock, and you consider shares to be cheeseburgers (that's the way his mind/gut works), then you can't be unhappy when the price drops for a while, as cheeseburgers (that you still believe in) are now cheaper to buy more of.

For me, I've made my bed by having bought a rather good size position at higher prices, so I'm going to lay in it, and that's that. Either you believe in it or not - the Warren Buffett outlook - and since I do, I'm just sticking with it, and even adding a bit more.

It sure does get lonely between releases (thank god for all of you on Agoracom here!) and the stock is neither marginable nor does it put out dividends, so it doesn't make the books look very good in the meanwhile. But the once-a-century crash in the markets - as they say, the correlation of all investments tends to 1 in those circumstance - so that hurt us badly without saying much about the property. It hasn't recovered, but we don't have much of a punter's stock environment at all - most people are still in shock, hoping for the recovery of their retirement plans.

I do wish that we had the information already to know exactly to drill much, much deeper - at least 2000 m - but one can't really argue with the careful approach based on real knowledge. I do understand we are going over 1000 m and I'm picturing some cheerful results out before PDAC.