Re: Kodiak Website update recommended
posted on
Oct 27, 2008 09:57AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Yes most companies have poor websites and news releases;
Below is an example from Northern Dynasty Minerals and its last NR. I used to own it but sold 1/2 year ago.
They claim that they have done lots of work so they are getting closer to their goals. However, in that NR they do not specify what the goals are or what they actually achieved. On the other hand they go in long lengths to explain what they actuall did; among that was this following summary:
- a total of 10 helicopters have flown more than 9,000 hours, moving crew and equipment from the operations base in Iliamna to various project locations; - approximately 800 individuals have worked about 40,000 person-days, with the total number of people at site peaking at 232 in August; - approximately 3,420 fixed wing aircraft flights have brought people and supplies into and out of Iliamna in 2008, including more than 50 groups visiting to tour the Pebble Project; - site expenditures to the end of September total approximately $50 million, excluding environmental study costs; and - some 90% of 2008 site expenditures (or approximately $45 million) have accrued to Alaskan firms."
As a potential investor you only see $$$'s flowing out while there is no summary
of what was actually acheived.