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Message: What would it take for KXL to starting mining its gold?

What would it take for KXL to starting mining its gold?

posted on Jun 18, 2008 07:11PM

Many members of this forum seems to feel that Kodiak should sell off parts as buyers show up. I am not sure if that is the best approach and I think it would be prudent to start thinking about becoming a mining company.

So far we have had lots of visuals, lots of hits with good grades, but we have not had the one big hit making all of us rich. It seems that we will continue to find more of the same which with time will accumulate to a lot of ounces, but is it sellable and worth it for us to do that.

Often high grades are found at great depths, however they are hard to find and are usually discovered as 'mining' proceeds deeper, not by lucky hits from the surface.

Because of such arguments I feel that Kodiak indeed should consider the option of transforming itself into a mining company and not just remain a exploration company.

Any comments or suggestions?

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