Re: Sun may or may not come up tomorrow? + still an optimist !?!?
in response to
by
posted on
Nov 28, 2009 02:04PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Hear, hear cedartree. I'm personally aligned with your way of thinking.
Yes, it is not an easy moment. Some are or have been underwater on this stock. It is difficult to see. It is difficult for them. And i appreciate what they expect from a junior explorer.
But, in my mind we haven't been a junior explorer since 2007. We are in between our past, a greenfield junior explorer and what we are becoming, a mine development company. And as such, I have very different expectations for news flow. I don't expect much and I expect it to be boring. And I don't expect much from the share price, right up until the moment we have a mine. These expectations are based on the traditional experience of other companies that have tread this path. Relating my low expectations to Brian when I met him in SF he said pointed out to me that those were single resource project companies. The implication being that KXL has multiple resource projects and the share price would not languish for as long.
I thought the Golden Mile drilling would jsut be the methodical filling in of gaps in the grid, in the low grade halo of the deposit. And that is what we see. Virginia with Elanore went through a flat time, when the results were underwhelming. The subsequent resource estimate bumps after the first resource estimate finally led to glory and the Goldcorp purchase.