HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: NOT like KODIAK and the 43-101

NOT like KODIAK and the 43-101

posted on Jun 17, 2008 06:26PM

another similarity between KODIAK and NOT as it applies to defining the 43-101 (or NOT).

This report was made by bearlybullish on the Kodiak Forum:

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Someone was questioning him (Brian) on why the company was not more focused on defining a resource and Brians answer was that we need to keep in mind that a lot of their peers as well as some of the bigger players (his words) are circling this play and it is really important that they find out as fast as they can just how much they have.

Even if it is a back of the envelope guestimate ... because those interested parties are also figuring on the backs of their envelopes.

He referred to the example of Virginia mines selling to Goldcorp without a defined deposit.

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So,for KODIAK and NOT, a 43-101 is not priority. They have a good idea of what they have where they have already drilled... what they want to know is what they have where they haven't drilled... and as fast as possible.

BK

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