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Message: Will KXL do an acquisition?

According to the June 6 corporate presentation, Kodiak had $ 23.8 mil in working capital. The current float quoted market cap on the TSX site is $23.8 mil or , in other words, just a cash value is given to the share value. I wouldn't give any value to the Hercules results to date because they are unlikely to be economic. The recommendation in the resource estimate report was to drill another 15,500 m before proceeding to a pre-feasibility study where the project economics would be evaluated. Right now the best opportunities for adding share value this year rest with the drilling programs currently underway on Hercules and Milestone. Mines Point is pure green field exploration which will take time. Our patience is already over-extended. An acquistion can happen but typically it depends on your business connections, but directors like the Richardson's could come in handy.

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