The BarkerLetter

November 29. 2007

Greetings investors!

We’ve seen a nice run on Kodiak Exploration Limited (KXL.TSX Venture Board) since the middle of last month. The stock is up some 500%.

Kodiak has an interesting mix of base and precious metals properties in some of Canada’s richest mineral regions, and they’re all wholly-owned.

Their property of note lately is the Golden Mile prospect, on its Hercules property in Ontario’s Geraldton Gold Belt. Kodiak has reported extremely good grades from drilling there, including a 3.6 meter intercept grading 358.56 grams per tonne, or better than 10 ounces. Wow!

Of course all of those high grade intercepts are extremely short,  no more than 4 meters in fact. But more assays are pending.  The company has planned 60,000 metres of drilling to expand the known extent of the system and, at the same time, work towards building a resource in the zones of known high grade mineralization. 

The time to get into this play was last September, when the stock was at $0.50 Cdn - it’s over $3 per share now and traded as high at $5 per share in late October.

However, it may prove worthwhile taking a look at Sage Gold Inc, also trading on Canada’s junior venture exchange under the symbol SGX.TSX-V.  Sage’s stock price has followed Kodiak’s very closely over the past few months, and spiked $0.13 Cdn today (Thursday) to close at $0.57 per share on very heavy volume.

Sage raised $5 million Cdn earlier this month from a financing priced at $0.50.

There was no news release accompanying the big volume and subsequent spike in price today. However, the company is drilling its Jacobus property adjacent to Kodiak’s Golden Mile discovery, with assays expected in early December.

I’d be a seller in Sage is I held any; but I don’t.  So in that case I’m looking seriously at getting a position in the coming days, just in case there’s more to the pre-assay release hype than just  … well, hype.

Careful out there.

Kb