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Kodiak Copper (KDK) - Copper Porphyry Shows Early Promise

Feb. 03, 2021 8:16 AM ETKodiak Copper Corp. (KDKCF)
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  • TSX-V: KDK.
  • Shares Outstanding: 41.43M.
  • Share price: C$1.68 (5.11.20).
  • Market Cap: C$68.37M.

Kodiak Copper is focused on its portfolio of 100% owned copper porphyry projects in Canada and the USA. The Company’s most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough in southern British Columbia, Canada, where the Company made a discovery of high-grade mineralization in 2020.

Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine. Both of Kodiak’s porphyry projects have been historically drilled and have known mineral discoveries with the potential to hold large-scale deposits.

Their Kahuna diamond project in Nunavut, Canada, hosts a high-grade, near surface inferred diamond resource and numerous kimberlite pipe targets. Kodiak is considering strategic options for the Kahuna project.

Kodiak Copper has had a strange couple of weeks. The market got very excited about their initial drill results. The share price shot up from about C$0.50 to over C$3.15 in a matter of days, with interest from retail investors. The latest drill results are also good for a copper porphyry, but it seems the market wanted more so the share price has dropped back down to about C$1.67.

Institutional investors seem pleased though, as they should be. This is a quality, highly experienced management team. Porphyry's tend to be very large mineralised ore bodies and need work to be understood. Tornquist is clear, it's still early days. More drill results should start to paint a picture of what they think they have. They are capitalised and have a process that they are following. Copper is getting exciting again and 2021 should see renewed interest from more retail investors. Potentially Kodiak has the leverage to get copper investors excited.

Read the full article here.

Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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