RE:RE:Today’s Close Good point, Margin. The broader copper market - and the 800 lb Chinese gorilla in the room - will definitely dictate half the macro picture from the demand side. But the other half (the supply side) has weakened considerably and unexpectedly in the last couple months with First Quantum shutting the Cobre Panama mine down due to protests, and companies like Teck missing their copper production targets this past quarter. Most pundits have quickly flip-flopped from projecting a surplus in 2024 to a deficit.
As for Kodiak specifically, I'm also a little puzzled about the slow leak of their drill results, but that's how they've always done it. They don't seem to rush their assays. Maybe that's to save on costs. I like how they've expanded the size of the MPD project and connected the dots between mineralized zones. It's big for sure, but they need to find some higher grades to attract interest again. Headline numbers seem to be what move the share price as that's as what most people read; they don't dive into the details much. If they did, then they'd realize how big this deposit has become. Here's hoping for some good news this coming week during the Roundup Convention in Vancouver.