Go to Kodiak's WebSite as it says it all:

http://www.kodiakexp.com

Kodiak has its Caribou Project close to kimberlite held by SNO, but the Caribou property is a potential Nickle discovery.  If you want to see what happens to companies that find Nickle go look at Noront share price climb since late September 2007.

Here is a basic summary on Kodiak:

They have potentially discovered a significant area hosting Gold.  The area that is drawing attention is a 30square kms next to Sage (SGX), and Kodiak has traced 20+ km of surface veins.  For obvious reasons, the company's focus has shifted to exploring this property right at this moment.  This discovery has enable Kodiak to raise $50+ million to follow through with an extensive exploration program.  Raising the $50 million could not have been done without revealing something that hints at a real discovery in it's infancy.  This will play itself out over the next few months.

The above in itself would seem to justify why Kodiak has a Market Cap close to 10x SGX's, and

Next, I will give you some of the other reasons.

The have powerfull players providing corporate support in the form of Richardson family members sitting on their Board and being major sharholders (read their family history here http://www.jrsl.ca/html/history.html).

Kodiak has a longer term plan to split into seperate companies that will probably be in line with the Gold, Base Metals, and Uranium divisions that they now have in place.  All have their own merits and can apparently be self supportive.

Beardmore-Geraldton Greenstone Belt is the one with current focus

1. They have rights to the above noted 30 square km of land that has the gold.  Any surrounding area play can only speculate that there would be something of similar significance on their property (obviously the reason that Kodiak's MKT CAP is 10x greater than many).

2. they have Dominant Land Package in Productive Greenstone Belt, > 1,300 Square Kilometers within a 35km x 140km area within the Beardmore-Geraldton Greenstone Belt.  So who knows what else might come out of this mining camp region but people need to appreciate how much land that represents and it is a great deal more that the Sage land holdings.

Caribou landholding 90 km from Yellowknife along the shore of Great Slave Lake

1. This is a Nickle exploration project that up until this past summer was the company's focal project.  It received a lot of attention in the spring of 2006 with results from EM surveys and subsequently when Kodiak revealed that drilling had encountered massive sulfides.  Kodiak's post Sept 2007 Market Cap of perhaps $50 million was mostly as a result of this property as little was known about the significance of Hercules project at the time.

2. Kodiak has invested a few $million and completed 2 phases of exploration drilling over the past 2 years on this NWT project.  Although the drilling has not yet identified a Nickle ore body, the work that has been performed has demonstrated that the Caribou Lake intrusion has excellent potential to contain economic concentrations of nickel, copper, and cobalt at depth base on drilling that has been performed to date.

The single most important factor in having to take this project seriouly is this individual's involvement with the project and the fact he has reported that the potential for a Nickle discovery is still there:

Dr. Walter Peredery, P.Geo., Consulting Geologist

Dr. Walter Peredery has over 42 years of experience in the exploration and study of mineral deposits, specializing in nickel. From 1965-1997, Dr. Peredery worked for Inco, mainly in the Sudbury Basin, the Duluth Complex in Minnesota, and the Thompson Nickel Belt. Dr. Peredery contributed personally to the discovery of the Ospwagan Lake Deposit (65Mt), the Bay Deposit (25Mt), and the Thompson Deep Deposit (10Mt), all in the Thompson Nickel Belt in Manitoba. While with Inco, Walter participated in nickel exploration in Quebec, Ontario, Saskatchewan, the Yukon, Greenland, Turkey, and Botswana. Dr. Peredery has also examined and studied various deposits worldwide, including Voisey’s Bay, the Udokan sedimentary copper deposit and the Sukhoy Log deposit in Siberia, the Norilsk and Pechanga mining camps in Russia, and nickel deposits in Finland, Norway, Sweden, and Brazil. Since retiring from Inco in 1997, Walter has worked as an independent consulting geologist, studying the Taiga sedimentary Ni-Cu-Co-Zn-Pb-Ba-Mo-Li-PGE deposit in the Yukon, one of the world’s largest Proterozoic ultramafic intrusions in Paraguay, and the Mouchalagane Ni-Cu-PGE deposit near the Manicouagan structure in Quebec.

Dr. Peredery was educated in Canada, receiving his B.Sc. (1964) and M.Sc. (1966) from McGill University, and his Ph.D. from the University of Toronto (1972). He has compiled a compendium on various mineral deposits in Kazakhstan, participated in a classification of the world’s nickel deposits that was published in Canadian Mineralogist, acted as the secretary of studies on the world’s nickel deposits headed up by Dr. A.J. Naldrett, and has published a number of research papers on the geology of Sudbury and the Thompson Belt.

Otish Basin Uranium Properties

Kodiak is conducted airborne radiometric, magnetic and EM surveys of its Otish properties (they have about 100,000 acres of property in this area). Data received identified a large, strongly radioactive anomaly on the UR property, up-ice from the high grade boulder train previously identified. The airborne anomaly has consistent values of 2,000 to 3,500 cps, and appears associated with a magnetic structure similar to the one that hosts Strateco’s high grade uranium mineralization at Matoush (Strateco has a Market Cap of over $300 million and Matoush is one of their key properties).  The intense radiometric anomaly recorded by the airborne survey measures 2 kilometres by 6 kilometres in area, and is believed to be the source of the radioactive boulders discovered by Uranerz.

Kodiak is very encouraged by the size and intensity of the radiometric anomaly, and the similarity of the UR claim group geology to basement unconformity-type uranium deposits of the Athabasca Basin. Field crews were mobilized this past fall to investigate the anomaly, ground follow-up was performed based on the airborne survey, samples have been collected, and these were sent to labs for further testing.  News on this is expected soon.