Copper price, Strategy and valuation for two juniors !!hi all, well one thing for sure we are seeing the stock market take a hit on the big tech stocks so far and teh Nasdaq correcting lower. However...did you all look at the copper price? Did you see how we are starting to come back as we are range bound over $3.5 a lbs. This is not bad and shows how the metals are getting ready for a move. So keep an eye on copper price as we now look into Northwest Copper and Kodiak Copper. These two juniors are the only ones in the copper space with the size for the prize! What i mean is a takeover target going into 2023. Right now Northwest copper with 4 major projects all 100% owned and a major update coming in the entire company portfolio of Copper, Gold, Silver ounces and lbs in the ground indicated will be eye catching. Our market cap is under $40million and share price at a very low price of .22 cents. Must be one of the biggest opportunity of a lifetime on a junior. The markets are starting to look at Gold and the majors and this Junior is not done yet with news. With the last two drill results with Kwanika they are over 300m and continue to expand. We have not seen Stardust or East Niv yet and Lorraine to follow. So for that lets look at Kodiak as they have only one major project and the one key reason for the share price is the founder of Great Bear Resources. We all know the story and he is on the board of directors! This stock has cash and low shares outstanding and can rip higher. So for now both stocks are a major buy and i will be looking into next week for a purchase of Northwest Copper. I know right now copper is looking to move higher and with the US elections coming GOLD and Silver are starting to shine!! so keep this in mind when you look at these two stocks and also i do not own any share of Kodiak. so stay well and watch these markets move again today.
cheers and enjoy the weekend.