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Message: JV to major?...

Re: JV to major?...

posted on Oct 07, 2009 11:48PM

I think looking for a JV with a major is a bit like asking if anyone wants to buy in on half your 6/49 ticket when only one of the first 3 numbers you've checked match the winners. The odds are getting too long to command a good price. I don't know the assay #'s like others here, but those who do seem skeptical that we have found anything that can be economically mined yet. If there was even a small, feasable mine, a JV would possibly be in the cards, and keep looking for more.

I think it is wishful thinking that drilling has slowed cuz a deal is already done. If that was a real possibility, I think it would be reflected in the price. I think that could have been a possibility 2 yrs ago when speculation was running wild in both the markets and in KXL. If KXL was halted tommorow because of a deal what kind of price might we expect from a 57 cent stock? Double? That might be generous and still leaves most underwater.

I think we need some refreshing #'s show up in the next drill results, or a urainium hit. Gotta say, I am almost as optimistic on the urainium side of KXL. The big bear has seen nickle driven price rise, a gold price rise... urainium next? Lets keep drilling, hope to find an economical deposit, get 43-101 so it could be sold off or we could even mine it ourselves if need be. Keep poking around for stuff that makes the geigercounter jump in the meantime, because nuclear power is a big part of the future.

Just the thoughts of an amature who still is holding.

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