Beaver, thank you. I was also at the presentation and was quite astonished that there were only 10 people in the room, plus Brian. two of the 10 were consulting geos for KXL.

I was the guy in the back row who laughed when you referenced the Vegas party at the end.

It was clear that Management (driven by the board) wants to change directions. This is why Bill Chornobay, who has done an amazing job at getting Kodiak to the stage it is to step back and continute to do and concetnrate on what he does best ... find new opportunities(business development).

KXL is searching for a new CEO, terry King is acting CEO and harrington is acting managing director. The new CEO will take the company to the next level, resource delineation and mine development. I suspect this will be the next NR in coming weeks.

They are very optimistic on the Millenium West (athabasca) uranium deposit and are about 500m through the second drill hole (as of this morning).

Beav, my thinking leans more towards yours in that the plight of the share price is mainly a result of current markets, it's very difficult to set a "metric" on an exploration company, they drill, they look at what they find and they drill again ... It's not like you can lay out a 2 year plan as you bnever know what you will find and directions will change almost daily. However it's nice to see they are maturing nicely.

I also suspect that the future direction of the company will be better understood by who is selected as the next CEO. I can think of a few people with solid mine development expertise who might be available for a position like this.