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Message: Good move on Kodiak's part

Good move on Kodiak's part

posted on Sep 15, 2009 06:51PM

I was pleased to see that, in the last NR, results from the GM were witheld. By not releasing any GM results, the limelight was focused on the West Geraldton project and the good results discovered there. Correspondingly, the GM results will stand alone by themselves and can't be buried with other news.

One of the concerns of past news releases was that there was too much information for the information to digest. The company realized this and has taken steps to correct this.

There is no doubt that the market didn't care about the last NR. That was to be expected based on the market's greedy nature. Only pornographic (e.g. unrealistic 38D or 14- incher type of news) results seems to be the only thing that the market cares about

Make no mistake, the work on the GM has been methodical and a resource estimate is on its way; however were probably 8 - 12 months away from seing a 43-01 report.

Lastly, don't be dismayed and bored by all the drilling on the Central GM, this is the intilal start of the 43-01 report. As they continue to drill outwards and deeper, the resource estimate will only get larger. Keep an eye on the cross section chart in the presentation, the picture is getting better.

Sam

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