Kiska Metal Corporation KSKTF

RE: Steady decline continues

[oddykog]

The steady decline is something the Kiska stock shares with every other exploration company. We are truly a long way from the time just 9 months ago when they were able to get a big chunk of capital at over $1.00 per share.I disagree with your view of the drilling results for 2011. They had to show that there were areas in the Whistler zone they are exploring which have good grades of gold, silver and copper in deep zones, as you would expect from a porphyry system. This they have done with the Island Mountain results. The metal may be on the side of a mountain, but it is there and the concentrations (gold equivalent)are running in the range of 1.00 gr/ton and above. Those are grades which can justify building a mine. It will certainly still require a number of years of added drilling and testing to develop the basis for a major allocation of capital for mining the ore, but I do think Kiska has been successful with its project in 2011. They also have enough capital on hand to keep working at it in 2012.At today's closing the entire company, including cash of $10 million or so, was valued at only $26 million. Mainly this is the result of all those people who paid over $1.00 taking their losses. I would expect the price to stabilize and possibly move up as soon as the tax loss selling season is over.