Since people here are getting excited, and expecting a NR.
Look back Aug 1st 2008 NR, would you like a similar one?
Better not, why?
KXL had around 100 drill holes from HR08-78 to HR08-180 at that time, please do check those details, how many of them with more than 10m and 10g/t, Did anyone count that? Unfortunately, very few.
Even we keep saying potential, potential…so far not prove yet. Based on published info on hand, Narrow width is major reason that KXL’s price was beaten down. Not sure whether they are economic for producing.
Before getting frustrated, we need to compare with ONT first, since ONT is only one with NI43-101 released and close to Gold mine project, look at ONT’s Brook bank Oct 31,2007 NR, to get 0.63moz gold, with grade at 7.4g/t, my calculation for average width is 2.11m
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ONT Brook Bank (Oct 31,07)
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Length (m)
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800
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Depth (m)
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600
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Thickness (m)
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2.1135
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m3
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1,014,480
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t/m3
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2.61
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Converted Tons
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2647793
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Average g/t
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7.4
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Estimated grams
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19,593,667
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g/oz
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31.1035
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Estimated ozs
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629,951
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Does KXL’s GM have overall similar average thickness of 2.11m, at grade 7g/t like ONT?
Can we expect more intersects with longer than 10m with 10g/t on next NR?
