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Message: Re: Board Appointment / New CFO
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Nov 05, 2009 04:48AM

Re: Board Appointment / New CFO

posted on Nov 05, 2009 10:45AM

They are well financed to get through all of next year so there's no pressure to do a PP. If, however, the share price rises sufficiently ( say $ 5) because of the NI 43-101 resource estimate,then why wouldn't they go to the market and who would complain? The NI 43-101 hopefully will be the event that brings Kodiak from a spec play to a company with a form of reserve estimate that brings intrinsic value to the shares. The Bobby Ore find and the deep drill results will add bluesky excitement to the share price, not reserves. I'm hoping they update the long sections during the next news releases so we can crank our own estimates of the gold in place. We'll also get an idea of how closely spaced the core sections need to be in order to count as measured, indicated or inferred resource estimates. We have gold targets all over the place which presents a problem finding the right balance between proving up a resource estimate and identifying new targets.

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