PG-t announces 1M oz Au resource near surface and initially the market is not surprised and although PG-t has gone up in recent sessions is down post-halt... although you can't argue with PG-t 52-week performance.

So what does this mean for KXL?... Many here expect a Golden Mile number much less than 1M oz Au and it will surely not be open-pittable... and KXL has surely not seen the price appreciation PG-t has experienced in the past 12 months... Kind of depressing actually...

IMO this kind of reaction illustrates the market's appetite for initial NI 43-101's or projects that are years away from production... i.e. there isn't one... unless you have a spectacular find, cash-flow and near-term producing properties are 'what's in' IMO... If you don't have this then a deal/merger/partnership may be what is required to get one.

red911