Bullboard - Stock Discussion Forum Kodiak Copper Corp V.KDK

Alternate Symbol(s): KDKCF

Metals & Mining Industrial Metals & Minerals

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... see more

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Kodiak Copper Corp > Not too bad but.

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Post by tarsands on Dec 14, 2021 11:23am

Not too bad but.

Results from 12 holes remaining from 36 drilled in 2021 (21,675 metres). Results from 24 holes have been reported to date.

And if you count the lost holes *( 7) , dang do we need a new contractor that doesn"t lose so many holes. So really we have gotten only 17holes with results and 7 dusters as they say. And also look at the way they get their figures for CU/EQ. The figures are too high for todays market. Gold at $1800, copper at $4.25.
Here:

*Copper equivalent grades (%CuEq) are for comparative purposes only. Calculations are uncut and recovery is assumed to be 100% as no metallurgical data is available. Metal prices of US$4.25/lb copper, US$1,800/oz gold, and US$26/oz silver, using the formula: %CuEq = Cu grade + (Au price x Au grade + Ag price x Ag grade)/31.104/(Cu price*22.046)
**Intervals are downhole drilled core intervals. Drilling data to date is insufficient to determine true width of mineralization.

The figures used are too high in my view. At least today they are.

Why all the lost holes? Me wonders why, is it ineptitude???????

That is a lot of lost holes! At least in my view.