Slapshot, Great report!

With regards to the SP, you raise a couple of good points. One could argue there is a substantial disconnect with the current SP and the KXL strategy of developing a gold district and not to mention the uranium assets.

The market has absoutely wiped out all value associated with the original discovery of the Golden Mile. The SP run up to $5 was not sustainable nor could it have been supported with any assets.

At this point in time, the SP reflects about 22 cents of current cash on hand and the balance for the GOLD and Uranium assets. The market is anticipating or has low expectations for the 43-101 at this point and are treating the Golden Mile discovery as one of many mines to feed a common mill in the B-G area. When the SP was $5, the market was anticipating GM to be North America's biggest discovery and with that several million ounces oz's gold.

We do need to recognizie that the 43-101 is a point in time and that on going drilling will add to the resource.

Other variable is the value placed on the 'ounces in the ground', this will have a direct impact to the SP. This becomes anyones guess but should increase as the development of the B-G district as a gold camp becomes a reality. This unfortunately will take time.

Regards