The price of gold is going to rise, in my opinion. I believe that Kodiak management believes the price of gold is going to rise as well. So, it's safe to assume that Kodiak will be holding out for a higher in situ value for the gold they find.

As I stated in an earlier post, Brian Maher stated at the PDAC that, gobally, gold deposits are being bought for in situ values of between $50.00 to $400.00 per oz. I would think the due to the superior characteristics and location of the Geraldton Beardmore property, that we would be much closer to the $400.00 per oz than the $50.00 per oz. I think the $200.00 per oz in situ is too conservative. In addition, the rising price of gold will ensure that our Kodiak management will be getting even more than that for our Kodiak in situ oz's.

All is well in Kodiak land other than the fact it can't happen soon enough......

MB