Cash value... 28million/112million = 0.25cts

Clearly there is less downside than upside from here.

How about this... PG's Hardrock spin off company takes a run at KXL?? Would everyone left on this board take 54cts for their shares?? A 50% premium on today's price which seems to be typical for M&A these days.

I wouldn't be happy. Totally undervalued IMHO. However, people are willing to sell their shares at 37cts... it amazes me.

PG could pay cash and own all of BG for a mere 60 million. Given the assets GM, Milestone, Millenium, Minespoint, Sleeping Giant etc... etc... that would be the steal of the century.

Do you really think we are going to stay at these levels for long? I don't. One way or another, we will go up from here.