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Kodiak Copper Corp V.KDK

Alternate Symbol(s):  KDKCF

Kodiak Copper Corp. is a Canada-based company that consists of the exploration and development of base and precious metals throughout North America. The Company is focused on its 100% owned copper porphyry projects in Canada and the United States. Its projects include MPD Copper-Gold Porphyry Project, Mohave Copper-Molybdenum-Silver Porphyry Project and Kohuna Diamond Project. The MPD Copper-Gold Porphyry Project has approximately 226 square kilometers of land package in South-Central British Columbia (BC). The Company’s MPD Project consists of four properties, which include Man, Prime, Dillard and Axe. Mohave Copper-Molybdenum-Silver Porphyry Project covers over 10.4 square kilometers of the land package. The Company’s Kahuna Diamond Project is an advanced stage diamond exploration project located in Nunavut, Canada. The Company has also entered into a property purchase agreement to acquire an approximately 100% interest in the Aspen Grove Property.


TSXV:KDK - Post by User

Post by DrillMonkeyon Jan 16, 2024 1:55pm
137 Views
Post# 35829569

Teck Resources & Kodiak Copper

Teck Resources & Kodiak CopperI think Kodiak's going to be a winner this year. When Teck Resources completes the sale of its coal business to Glencore later this year, they'll have about $9 Billion CAD to invest in expanding its copper business. With all the environmental and resource nationism issues in Central and South America (including Chile where Teck has assets), this Kodiak MPD property looks like a great place for Teck to invest some of that $9 billion. Kodiak's in a safe jurisdiction; its property is in the middle of a very large copper porphyry belt, and is a short distance from Teck's flagship Highland Valley Copper Mine; and, Teck already owns 9.9% of Kodiak's shares. Furthermore, Hudbay minerals just bought the Cooper Mountain Mine to the south, so Kodiak's MPD property is sandwiched (almost equidistant) between two big copper player's mines. The potential is there for a bidding war between Teck and Hudbay, and Kodiak is successfully proving the size and scale that Teck and Hudbay are looking for. MPD would be a great asset for either miner to have considering its potential size and proximity to existing operations. Kodiak has some work to do still to get some higher grade porphyry centers; however, the synergies Teck or Hudbay would benefit from by way of MPD's location make up for a potentially lower grade. Nice to see the stock moving up the last couple days heading into the Mineral Roundup conference next week!! Last year Kodiak released results during the conference.
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