Kiska Metal Corporation KSKTF

Financing

[oddykog]

The stock price has held up quite well in view of the creation of 9 million new shares this month, priced at 66 cents - and that includes 4.5 million warrants.  Nonetheless, the cash available to the company should allow us to run until we know whether Kennecott will exercise their option to back in at Whistler and consequently pay the company a sizeable amount for a majority position going forward in the development in Alaska or whether we are free to seek our own partner  with Kennecott out of the picture.  By the time the company files its mid-year report we should have all the drilling results from Alaska and a much better sense of what they have found there.

I wonder whether some of the cash will also be used for other projects - in Australia for instance.  The comany seems well positioned to benefit from precious metals hunger.