Questions
posted on
Aug 25, 2010 09:36AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Hi All,
I have a few questions before donating my valuable cash to this stock: Anyone care to field them?
What is the company's burn rate for cash? How much cash will this season's drill program eat up? How long can they last at the current spending rate?
Given the recent results it seems the depth and relative narrow strike intercepts don't point to a major discovery that would be economically viable. What am I missing?
Is the recent website update related to laying the groundwork for another kick at raising funds via a new issue / warrants? Would they be able to without a significant new drill results?
Where is the closest production gold mine? What is its performance? Assuming a mineable deposit is verified any estimates on what the cost/oz would be given the location?
What are the logistical challenges to setting up production at the golden mile deposit?
When was the last time someone here spoke with management and received any sense of confidence that final 2010 drill results will impress?
Since only 1% of gold discoveries are viable as production mines, what makes KXL any better than other exploration firm investments?
What were the main reasons the previous CEO departed?
The $0.20 SP seems to reflect cash position based on 90 M shares o/s. What was the primary reason for the massive share price erosion over the past year or two? Simply poor drill results? Or was it the eroding cash position from an aggressive drill program?
Does anyone have calculated estimate of the main deposit size, depth, and avg. g/t?
Is KXL a sinking ship or a worthy investment? Risky no doubt, at this point. I'm still weighing it against a few other exploration investments. Any better ideas?
Thx for your comments in advance...
Kean