Well that NR was a lot to absorb and some was admittedly over my head. However, the one thing I guess, as a shareholder under water, I need to do is trust management. They made some bold statements in the NR:
"The 2008 program on the Golden Mile at Hercules was planned to systematically expand the known strike and depth extents of this gold mineralized quartz vein system and, based on results seen to date, the program is considered by management to be an overwhelming success"
If they successfully met their goals and are satisfied with their progress than I am satisfied.
"The drill hole intercepts reported here, are similar in grade and thickness to many high grade vein deposits being profitably mined globally such as those in the Kirkland Lake, Destor-Porcupine Fault Zone and the Cadillac Break at Val d' Or, confirm the significance and economic potential of the Hercules project and the Golden Mile vein system in particular. The exploratory drilling to date has been focused on establishing the full extent of this extensive system along strike and to depth, both of which still remain open. Based on the observed mineralogy of the Golden Mile system, Kodiak's geological team believes that Golden Mile quartz vein should be amenable to conventional, very cost effective gold recovery techniques with high gold recoveries"
Again, I put my faith in the geo's and these statements. Clearly, they are onto something significant and we still have a long way to go to know exactly what is there. But I am satisfied. How will the market react tomorrow, I guess I need the attitude of "who cares?". The long term outlook appears quite positive from today's NR.