KSK: Early Inning Developments

BART JAWORSKI, Raymond James (01/13/2011)
"Kiska's Whistler updated resource contains 79.2Mt grading 0.88 g/t AuEq (2.25 Moz. AuEq) in the indicated category and 146Mt grading 0.71 g/t AuEq (3.35 Moz. AuEq) in the inferred category. . .The strip ratio improved significantly (1.3 from 1.9). . .KSK is in the early innings of defining a series of bulk tonnage discoveries on the property. Preliminary evidence suggests new discoveries host higher grades (Island Mountain cut 115m grading 1.74 g/t AuEq including 1.25 g/t Au, and Raintree West recently cut 83m grading 2.54 g/t AuEQ including 1.20 g/t Au). We are maintaining our Outperform rating."

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