Hey PaulTiger, I reread the 2005 article and I have to give it more importance - thanks.

More important that the price of gold in general, over e.g. a 1-2 year period affects the price levels of all junior golds, is that there is a big time delay between the sudden desire for new gold ore bodies after gold rises, and the time that the newly-active crop of juniors can supply them.  So the sudden demand for new mineable properties is more important, I believe, than the price multiplier of the gold price level itself.

I have seen that with Goldcorp, Barrick and the mid-cap Yamana all on a buying spree, and the frustration they have that they can't just "buy more" gold ore bodies.

So that indeed makes Kodiak more valuable than ever, and the essence of the original article remains valuable.

Thanks again