I really think Kiska is about to move in a big way. They have made some material discoveries this spring and summer that make Kiska look very attractive. At 5.75M oz's of gold.. only 76M market cap. Another cheap cheap stock. What makes Kiska a great buy is its cheap cheap cheap and they have had significant drill holes which will upgrade the resource grade at the Whistler project this year as well as making another potential massive discovery on Island Mountain 23 km's away that has a potential strike extent of 1.2km and a depth of greater than 800m. One hole drilled 386.9m grading .68 g/t gold, indicating they could potentially be on another massive deposit. They have also been successful in blind drilling porphyry's around the Whistler Zone that have similar signatures. So not only is KSK cheap for the oz's that they have in the ground, but the potential exploration upside to Kiska's Whistler project is truly limitless. With many large and intense anomalies remaining to be drilled that are similar to Whistler, KSK truly has not defined even a small portion of the extent of the mineralization on the property and may end up with something much larger than anyone expects.
I am certain the Whistler project will grow as KSK continues to be successful drilling this project. You can expect an updated resource for Whistler this fall and another 20,000 meters drilled next year to further define the 5.75M oz resource at whistler as well as test other geophysical signatures on the property that are similar to Whistler.
At $13.37 per oz insitu oz and the potential blue sky exploration that Kiska still represents having only tested a small portion of the property. It is certainly worth a shot at $1.
Here is a link to a September 2010 presentation..