A few more thoughts to put the current depressed share price of KXL in perspective>>>>

Here is the Oct. 1, 2007 announcement that started Kodiak on its way to being a great stock.

http://www.kodiakexp.com/_resources/...

and here is the oct. 22 release that seems to have thrown the stock into high gear.

http://www.kodiakexp.com/_resources/...

In that one month of October 2007, the stock became a one month, this and a subsequent announcement on Oct. 22 took the stock became a five-bagger.

Sept 07 -- 65 cents

Oct. 07 -- 4.04

Nov. 07 -- 4.08

Dec. 07 -- 4.69

Has anything bad happened since then? Let's see, gold went up some more and then came down. But the big move there was in 2008. When the KXL run started, gold was selling for $740-$790 per troy ounce, and by the end of the year, when KXL pretty much peaked, gold was selling for a bit more -- roughly $830.

Please don't tell me how the world has changed since then. I can read, too. Fact is, KXL could get cash if it needed to, based on Beardmore-Geraldton and the many kilometers of strike it has found and the excellent drilling results that are taking us inexorably toward a great deposit.

But the reality is, KXL does not need any more money. They have more than enough for 18 months at a burn rate of two million per month.

By then, they should have all kinds of official Canadian numbers spelling out the parts of their land about which they know the most --maybe Golden Mile plus who knows what other separate or contiguous deposits.

I would be surprised if KXL still exists as a separate company in March 2010, frankly. Goldcorp or one of the other big boys will snap it up in a stock swap. And it won't be for a buck's worth of stock, and the buyer will not be a small company.

Michael