RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2020, gonna be a bright, bright sunshiny year!Nicely written article by Marc Davis, a writer for hire btw. My takeaways from it.....copper prices are going up, for a variety of good reasons; copper discoveries are declining, dramatically. I've no doubt he's correct. So far, it's an endorsement of Santo Tomas. When it comes to describing Kodiak it becomes less clear.
Kodiak has some assets, already thoroughly explored in the past with ho-hum results. It's evident, but only briefly referenced, that the geological interesting bits are at depth, not a good thing for porphyry deposits.
The article's lack of detail on the assets sent me looking on thier web site. Conclusion: many hundreds of meters of non-viable grades until the drills reached even reasonable grades. This dog don't hunt. And, holes this deep will chew through their treasury pretty quick. But I wish them luck and I'll check back in a few months.
Oh, geez, I just looked at their financial statements. Their treasury won't get far and the spending reveals something else concerning. Q1 saw almost $200k in IR and the office chews up about $75k/month. Given the people involved, they should be able to generate investor interest easily, from their database of investors supporting Great Bear, if they had conviction in the assets.
At that level of spending the treasury wont get too far, with individual holes costing up to $250k and the office buring through $500k a Q.
Hard pass.