Gamblor thanks for you value estimation efforts. I look at it a little differently, with 30 mil in cash and assets, and a total market cap of about 50 mil, there is not much placed on the value of what we already have found.

To me basically the game is that our downside is only 20 mil or about 20 cents per share; thats rock bottom. This means that the upside is just speculation of what we may find in the future, I don't think the big guns put any value of what we have found at Golden Mile or anywhere else. It is a big difference between a 43-101 and economic feasibility.

If you are a Gamblor man, you can loose 40% on KXL but the upside may be 10 times that or more, so yes it is better than Las Vegas, but it is based on future things to come, not on what we have found so far.

There are 3 kinds of knowledge: 1) the stuff we know we know, 2) the stuff we know we don't know and 3) the stuff we don't know we don't know; for most of us category 3 is probably the dominant, and I think that's where Kodiak's gold is also hiding