In touch with Kodiak today
in response to
by
posted on
Feb 18, 2010 10:01PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Had a few conversations with Kodiak today in concert with Northvalue and things are well on track. Spoke with Brian twice, IR and a geologist. No changes re: NR's - still expected in connection with PDAC. There are additional european shows afterwards. Milestone is returning results and drilling will continue right through PDAC. West Millenium is looking good and they are finishing hole four and ready for five. Golden Pond has the drillers a bit worried about vibration over a period of time (if you've been watching License to Drill you saw that leaving a loaded truck idling overnight on ice means it may be in the water the next morning) and they are securing a lighter rig, but if they can't finish that for PDAC then additional drill time will be put into the GM. West Geraldton drilling also returning results. Surface work being done on Brenbar and Kaby Lake in preparation for exploration and later they will go after Wild Goose as well, although not before PDAC. Everyone is aware the price is down but nobody has a magic wand to change that. They are already drafting news releases but want to wait to give them as much weight and cogency as possible.
We also got the message that the board is actively engaged and that they do have a game plan. I hope that helps somewhat.