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Message: Magino open-pit...

Most of the resource estimates I've seen released in the past year use $ 850/oz and even that number may move up soon with gold staying well above $ 1000/oz. Kodiak said in the new presentation ( http://www.kodiakexp.com/_resources/KODIAK_%20Presentation_8Sept2010NEW-opt.pdf ) that their 2010 year end goal is to release a new resource estimate for Mangino. They can do that by using a more appropriate value for the gold price and grade cut-off, without any new drilling.

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