With the POG well over $1000.00US/Oz. the value of the "Gold in the ground"ounces is gaining strength,which is great for us...but lets have a little math here on a mix of hypothetical numbers(Gold in the ground value in $$$$$$$/oz.) and some known numbers to try to get a handle on our future as it stands today..remembering that all these continue to change by the minute..

Some known facts are that the PP went out at $4.80/Cdn/share and we now have slightly over 90 million shares outstanding..fully diluted..AND many of the insiders and going to want their money back at least..and even a small profit..SO lets use the figure $5.00/share..

I would think that this would be the minimum..

I would think that the gold in the ground number value would be a minimum of $200.00US/Oz..

So 90,000,000 shares X $5.00/share ='s $450,000,000.00/US...

Now in order to find a buyer that wants to pony up $450 Million schemolians,for a chunk of dirt ,they want to know that there is at least enough OZ.'s in the ground to make some money...so lets check that out...

$450,000,000.00 divided by $200/oz ='s....450,000,0(drop 2 zeros) divided by 2(drop 2 zeros) ='s 2,250,000 million ounces in the ground....!!!!

I have been ciphering and doing my "guzzinta's" for the past while in my head but seeing it on paper make me believe that this is a very reasonable figure to prove up ,in the Golden Mile alone,especially that much of the GM will be open pit mined..

Any input from y'all on the math will be greatly appreciated..

Let's get rid of the negative waves,as Oddball would say, and get on with the party prep..

(And I agree with the fact that KXL is not investment grade money,but speculative..)

PORTEE