Eventually, KXL will allow itself to be acquired by a company that is in the business of developing gold mines and producing gold. I think Kodiak makes it pretty clear that it is in the exploration business, not the mining business.
If you read between the lines, you can pick that up, even from the home page:
"Kodiak Exploration Limited is a publicly traded Vancouver-based resource exploration company trading on the TSX Venture Exchange under the symbol KXL. The company has diversified properties with exposure to gold, base metals, and uranium, all located in Canada. The Company’s corporate philosophy is to build shareholder wealth by evaluating and acquiring under valued exploration prospects followed by aggressive and systematic exploration resulting in discovery."
Then there is the June 17 press release describing how Kodiak was splitting itself into three operating divisions, with the idea of eventually spinning them off as separate companies. One can easily see how that spin-off process would facilitate a merger.
You want gold? Take the gold division. That leaves us with two other stocks dealing in base metals and in uranium.
http://www.kodiakexp.com/_resources/2007_06_19_nr.pdf