Kodiak Copper – Gate Zone drill results yielding 105m of 0.76% CuEq within 504m of 0.47% CuEq at the MPD Project in BC
Claudia Tornquist, President and CEO of Kodiak Copper (TSX.V:KDK – OTCQB:KDKCF) joins us to recap recent drill results from the Gate Zone on the MPD Copper-Gold Porphyry Project in Southern BC. 9 holes were released from the Gate Zone that continue to expand the margins of the deposit. The headline drill results include 105 meters of 0.76% copper equivalent within 504 meters of 0.47% copper equivalent.
I have Claudia recap these results as well as compare the grade to other porphyry deposits, some in production, in BC. She also outlines the overall size/scale of the deposit after these results.
When it comes to the continued drill program one rig has moved to the Dillard Copper Porphyry Target while the other rig is remaining at the Gate Zone.
Please email me with any follow up questions for Claudia. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release.
NFGC- Sold a chunk @ 7.96
Probably a smart idea to lock in some profits Marty, since NFGC has a $1.24 Billion US market cap at this point, without a resource estimate or any economic studies. That is more of a valuation, at this earlier stage, than many of the development companies, or even full-blown producers with large gold resources documented in the ground.
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For contrast, (ARNGF) Argonaut gold, has an $810 Million US market cap, with 4 operating mines, in 3 mining complexes, a 5 million ounce development project (Magino) that is 10 months into 24 months of construction to be at first gold pour, with a second project (Cerro del Gallo) with 4.7 million ounces of gold for development after that, and with a global resource of 14 million ounces of gold from all company projects.
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That’s a stark difference between the 2 companies, that it seems few are discussing. Now, either Argonaut is severely undervalued at only $810 Million US on 14 million ounces of gold, 4 mines, and 2 development projects, or New Found Gold is overvalued at $1.24 Billion US with no known resource estimate or economic studies yet. Just something to mull over…
Don’t know where they are on the Lassonde curve but Orezone keeps plugging along. Lots of buying of the warrants today
Agreed Wolfster. Orezone has done a great job exploring and developing their project and they are on the path towards construction and then moving towards production. Just earlier this week they announced the completion of the capital raise for the project construction financing.
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(ORE) Orezone Announces Closing of Bomboré Project Financing Package
by @nasdaq on 18 Oct 2021
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https://www.orezone.com/en/news/press-releases/orezone-announces-closing-of-bombore-project-financing-package/
Re:Kodiak. Not barnburner drill results but definitely are proving up their thesis regarding the resource that exists. Nibbling with profits at these levels.
Agreed, but those drill results were quite economic. I saw some people over at ceo.ca dissing on them but they are comparing these results to what Solaris and Filo drilled (which were bonanza grade intercepts and also in a totally different jurisdiction with different costs and site access considerations) instead of what is economic grade/width for their project in B.C.
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As Claudia mentioned in the interview, the grade they are getting is about 2-3 times as high as their neighbors (that are in production and profitable), and these were wide intercepts of 100-500 meters. That is plenty fine for mining in that area, and most retail commentators have the wrong understanding of what constitutes a solid drill hit for copper. Most companies in production did not put out results like Solaris or Filo, so that kind expectation from the market is misplaced.
Definitely agree….and for another area play I read this write up on my other play GSP Resources
https://aheadoftheherd.com/gsp-resource-corp-open-pit-copper-mine-potential-next-to-tecks-highland-valley-operation/
Am a Kodiak share owner and pleased with the results to date. the interview with Chris Taylor and the team was instructive. Kodiak is sitting on a lot of economic copper. Chris alluded to an analogue to Great Bear, but really its about the approach to exploring and drilling for sustainable economic results. Its still early days, but I am building a position in Kodiak and plan to grow it. The macro story for copper is bedrock bullish IMHO, and economic copper mines are few and far between.
And while I’m on a posting roll…what are people’s expectations regarding uranium short term???…do we see it take out the recent high of $50 and get to that $60 level most companies need for break even ???
On a similar note. It’s interesting to see how the bitcoin etf effected it’s price just like the uranium sprott one did
We’ll likely need to see the utility companies start announcing longer term off-take agreements with the uranium producers before we see the Uranium price at $60, but the Sprott Physical Uranium Trust buying should keep the pricing in the mid $40’s to possibly up to the mid $50s in the medium term.
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Yeah, Bitcoin breaking out to a new high at $66,700 within a day of the ETF launching. It’s either the beginning of the next leg higher (with many expecting 6 digit pricing in the next year), or it’s a bell ringing at the top with an all time high and the introduction of the latest trading vehicle. We’ll see how things progress, but Bitcoin, Ethereum, and many of the other cryptos have been on quite the tear higher the last month or so.
EMOTF – sold it ALL @ $2.35
Emotf has had a big recent run and you pretty much sold at the all time high. Good trade.
Agreed. Nice Emerita trade Marty.
CEO Claudia Tornquist and Chairman Chris Taylor present latest results and the exploration strategy at Kodiak Copper (KDK) (KDKCF)
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6ix – Oct 18, 2021
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https://youtu.be/MGY1DGnc2qc