Kodiak Copper (KDK) - Copper Porphyry Shows Early Promise
Matthew Gordon, Ptolemy Capital
4 Weeks ago
This is a quality management team. Highly experienced.
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 c.C$0.50 to over $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 a still very respectable c.$1.67 ish.
Institutional investors seem pleased though, as they should be. 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.
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