cedar,

I agree with everything you say. Developing and proving up deposits like these take time and patience. That said, however, the point I have stressed before is that we don't have an infinite amount of time because we don't have an infinite amount of money. By the date you mentioned of Fall 2010 we could conceivably be looking at the last few millions of the >$50m KXL raised when the sp was almost ten times what it is now. Raising anywhere near that amount of money now would mean massive dilution. My concern is whether KXL has made the right choices in where and when to drill and what properties to acquire, and whether before the money runs out they will have proven up an economic resource that can be used to raise the cash needed to continue by partnering, selling, or financing it. You mentioned the quality of the team KXL has put together. I hope they are as good as their reputation and that they are indeed steering KXL in the right direction without too many side trips.

regards,

spiny