bill40:

Great news. Thank you very much for sharing. I hope you are right re: things will be better before PDAC... that's in just 1 month. I will be waiting for that event that's for sure.

re: "Tax flow through share are about .42 cent per share after tax savings ."...

Not to beat a dead horse but since I was the one who originally posted the $0.25 and $0.28 after-tax cost for flow-through (FT) shares in BC and ON, respectively, and since I think it would be educational for all (including myself) based on the reaction we saw to FT discussion, I do have this to say...

I based my after-tax calculations on this brochure from the PDAC... In a recent federal government budget they introduced an additional 15% tax credit for eligible FT share investments... that is why FT shares are now called 'super' FT shares... this additional 15% credit expires in March 2010 but is appllicable for recent KXL FT financing... Therefore, "Net cost of $1,000 investment in flow-through shares" in 2009 in BC is just $382 or 38.2% of your original investment. This means If you bought 1 FT share at $0.65 your after-tax cost would be 38.2% of this or just $0.25...

Don't get me wrong I see nothing wrong with FT financings or anything KXL has done... just trying to explain some of the recent selling by National (1 of the houses involved in last financing) and Anon... I have no doubt that once this necessary selling is done trend will be up... It's the nature of this business... I also have no doubt a significant portion of the FT financing was to previous subscribers to +$4 PP years ago... these people will likely not be selling and participatedto substantially lower their cost...

Thanks again.

red911