Re: Milestone...

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red911

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Re: Milestone...

in response to

Milestone...

red911

posted on Sep 09, 2010 08:18AM

In the new presentation... still lots of talk re: Milestone... don't forget about "vaulting Kodiak to a new higher valuation threshold" comment re: Milestone in Magino NR. I didn't hear any talk of West Geraldton and look at the intercept that literally came out of nowhere. re: Milestone... Are they giving us hints?

"Kodiak exploration pipeline offers strong upside opportunity, e.g. Milestone, Beardmore-Geraldton, etc."

"Milestone drilling continues to expand potential resource, Phase two drilling underway, program expanded"

"Bring Milestone to Resource delineation stage: +500,000 ounces Au"

red911

Milestone...

posted on Sep 01, 10 08:43AM Use the IP Check tool [?]

For the record I like this GGR deal... 1.5 million oz Au for a discount price... significant shares (~20% ownership on a FD basis) of NMX (they have a lithium NI-43-101 resource BTW)... and many other promising properties... etc.

But... I will say it again... I am liking their language in the NR re: Milestone... i.e. "vaulting Kodiak to a new higher valuation threshold"... Sounds a bit ambitious BUT remember they did not have to include much detail on Milestone in this GGR acquisition NR IMO. So why did they? And why did they include such dramatic language?

Milestone drilling is ongoing and assays are pending... would the 'new KXL' include such language? That is the question.

They compare Milestone to Hammond Reef... that would mean 100m plus of 1-2g/t Au... Milestone has already pulled 20-30m of 1-2g/t Au... just need to get the interval up and we have it...