Pretty good analysis, spiny.

Buyers do like a 43-101 because 1) it helps them convince themselves an investment is a good idea and 2) it does a lot of the work the buyer wants done in any case - to figure out how to get what's there out economically. If they buy, the first thing they do is the same work as a 43-101. What they typically want while holding back on buying is for a junior to do the work for them, and that's what we're doing. That said, a 43-101 isn't guarantee - ONT has had one for a very long time.

I think where Brian is moving is to put together the most understandable, sellable, comprehensive picture possible. The idea is that there is more value there when you see the whole ball of wax.

I'd love to see a slide with West Geraldton and Hercules on the same slide as a very-large-scale regional area map with 3-D models showing what we've found (like the nice 3D "slice" pics we have for the Golden Mile, but at a larger scale), together with the geophysically indicated structures, to suggest what the whole ball of wax is or could be. We have the very large landholdings map and the detailed structure maps but nothing quite like this idea.

For example - West Geraldton, we can finally (!) see some sense in what's there - a whole bunch of diamond- or chevron-cross-section-shaped ore bodies (a little bit drilled and a lot suggested) in a repeating pattern that adds up to something. The old mines in the idea ran on the same pattern, but the old timers would only find one piece at once, for one mine, because they had to go on surface prospecting instead of geophysical modelling. There was no way of seeing the repeating pattern at the scale of kilometers (miles back then of course). As well the notions of what the models could possibly or imaginably look like in terms of Greenstone formations has advanced an awful lot over the decades too. So instead of finding one Easter egg (like one of the old mines), we can suggest where all the eggs appear to be. I think of West Geraldton as an egg carton of ore bodies, rather than one or another prospector's inspired egg-finds.

I'd really like to see some spectacular slides that bring out a clear vision of that kind of reality we have as a whole region in West Geraldton, and ditto for Hercules. I've been saying for two years that the geomag clearly suggests the repeating knife-blade parallel veins in Hercules, over a scale of tens of kilometers, but of course there wasn't or hasn't been found the chance to check them. The very beginning of that story is happening with the announcement of the new veins just now, and in the past year Kaby Lake and the SE extension (Kaby didn't have enough gold I presume but it's part of the pattern still). I understand that KXL has one new very senior prospector and right away he turned up the latest new, parallel, knife-blade vein that has already been surface sampled.

In West Geraldton the geomag shows repeating diamond shapes like the cloth on a disco shirt, and in Hercules repeating knife blades at a steep dip, parallel to the GM. We've proven the beginning of it with drilling and have a collection of WG divots and GM parallel veins. The clearer the picture of the suggestion of the whole ball of wax, the better our prospects are for bidding - for the SP, for financing, for a PP, for a major partner, for a purchase of some or all of KXL.

I am an engineer who also has a degree in Fine Art. I'm a visual guy, and I believe that basically we're all visual people to an extent, pretty well. 1,000 words and all. When I wrote tech reports, I always said if there was no really good picture with it then there's no story. We have some good and attractive slides but I want to see the whole ball of wax from a god's-eye view: what's there + what's likely there from the geomag, over a large-area scale. We have enough real info now that we can finally suggest and outline something major. Here's hoping!