Based on the fact that the 10 page news release and update on the Hercules project did nothing for the Stock price, It is apparent that the market is not ready for juniors to shine just yet. In fact KXL has lost ground since the news. (is this where I say I told you so?)

I would say a 12 month target of $1.75 is not unreasonable considering that cash preservation is more important right now than turning Northern Ontario into a brick of swiss cheese. It al depends on how long thesse current market conditions continue.

KXL has made their discovery, they are expanding and delineating it which will take MUCH longer than the next 6 to 12 months. The time to make a fast buck was a year ago and now it's waiting time.

WRT Sage, if they are able to get some high grade results on Jacobus East, the 1:10 ratio could be blown out of the water... provided that the results are STELLAR.

Otherwise, we sit, we wait hope is gets back to the $.20s