The  Whistler  Project  –  A  new  porphyry  district:

• Currently Kiska has a 5.8 million oz gold equivalent resource at the Whistler Project. A resource update at Whistler is expected in November; we estimate that itwill grow to 7.9 million oz gold equivalent in the short‐term. Given the recent discoveries on the property, we believe there is  strong potential opportunity for Kiska to  significantly  increase  its  resource  inventory at Whistler over the next 12 to 24 months.

• Infrastructure  projects  could  benefit  Whistler’s  development:  At  present,  there  are  two  proposed  power generation projects close to the Whistler Project.  Furthermore, the development of an LNG terminal on the coast of Cook Inlet and a gas pipeline through the  Whistler  Project  is  currently  being  reviewed.  Should any of these  developments attain  approval  it  could potentially  benefit  the  development of any future operations
  at Whistler.
• Key Catalysts and Risks: The near‐term catalyst for Kiska will be the completion of the updated resource  estimate for the Whistler Deposit which is expected in November  2010. The key risk in the  short‐term  is exploration risk.
• We are initiating coverage of Kiska Metals Corporation with a target price of $2.30 and a Speculative Buy rating.

…..read the 19 page report HERE

…..read the 19 page report HERE

Earlier this week, the National Bureau of Economic Research (the official arbiter of recession dates) declared that the recession that began in December 2007.  For some perspective on the recession just past (a.k.a. the Great Recession), today’s chart illustrates the duration of all US recessions since 1900. There are a couple points of interest… Of the 22 recessions that occurred over the past 110 years, the most recent recession is tied for fifth in terms of duration. It is also worth noting that the recession just passed was above average in duration and the longest since the Great Depression. – 

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Gold comes up in every meeting.  When I started talking about gold nine years ago, no one cared.  Now everyone cares.

That does not mean gold has topped, because I do not think it has, but it could be a little heavy at this price and this particular point in time.  Over the next three years, I have no problem thinking that gold prices could double, or go parabolic ending even higher than $2,400.  Silver never comes up at the meetings nor does platinum, which makes me think those two metals have further upside in the near term.