According too Dec presentation21,675 metres of drilling in 2021, well funded for large drill program of 25,000 metres in 2022 – continuous, strong news flow.
Share Price $1.12
Market Cap ~$55 M
Shares Outstanding 49.4 M
Options (avg. exercise price $0.94) 2.8 M
Warrants (avg. exercise price $0.55) 1.4 M
Fully Diluted Shares 53.6 M
Cash Position $9 M
$9 million according too Dec. 14th Presentation.
On their Jan 5th 2021 NR they state:(Annual Letter)
With Kodiak having $14 million in the treasury, a tight share structure with less than 45 million shares outstanding, and the backing from a world-class mining company in Teck Resources, 2021 looks bright indeed. We invite you to join us on the journey ahead.
So maybe their program of drilling cost them approx. $5 million?