Is this the next huge discovery?
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Chris Taylor led Great Bear Resources to multiply more than 50 times in value before the company was sold to Kinross earlier this year.
Now, investors looking for Chris Taylor’s next big winner are eyeing Kodiak Copper (KDK.V; KDKCF.OTC), where he and his team have applied the same formula for discovery…and seem to have come up big again.
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In some cases, the wisdom of betting on management is obvious.
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That’s certainly the case with Kodiak Copper (KDK.V; KDKCF.OTC), which is headed by Chris Taylor as Chairman.
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Why is that important? Because Taylor’s last venture was none other than Great Bear Resources — one of the biggest discoveries in recent memory.
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Taylor and team turned an exploration project into a multi-million-ounce behemoth in just a few years and recently sold Great Bear to Kinross for $1.1 billion.
For early investors in Great Bear, that represented a more than 50-fold gain that made absolute fortunes for many.
Now, with the memory of that historic winner still fresh in their minds, Great Bear investors are eager to see what Taylor does next.
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And after a transformative drill hole made 18 months ago on its MPD project in British Columbia, Kodiak Copper looks like Chris Taylor’s next success story in the making.
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With a ton of exploration still to come at MPD and the company’s shares trading well off the post-discovery highs, now is the perfect time to take a closer look at Kodiak.
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A Repeat Of The Great Bear Playbook
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Like Great Bear’s Dixie project, MPD had been worked previously by a number of different operators who couldn’t put the geological pieces together.
But with careful analysis of the available data, Taylor, along with President and CEO Claudia Tornquist and their team, was able to work the magic again at MPD.
The transformative hole on the project’s Gate zone came 18 months ago, when the drills began testing the target along strike and at depth. Prior to that work, historic holes had rarely tested below 200 meters.
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That “transformative” hole — which cut a remarkable 282 meters of 0.70% copper and 0.49 g/t gold, including 45.7 meters of 1.41% copper and 1.45 g/t gold — lit a fire under Kodiak’s market cap.
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It also brought industry major Teck Resources on board as a strategic investor in a follow-on private placement that raised C$12.7 million. Note that Teck’s investment was direct equity and not a joint venture agreement.
It’s rare that a junior owns 100% of a project with this much potential.
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Discovery In An Established Copper District
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Drilling since at Gate has extended its strike from 125 meters to fully 950 meters, with much more drilling to come.
Moreover, even beyond the Gate zone, Kodiak has identified multiple new targets, including a new geophysical anomaly 600 meters away that spans one kilometer and is a look-alike to the Gate zone.
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In other words, not only does Gate have a chance to grow significantly from here, but there’s every indication that more “Gates” are waiting to be found at MPD.
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Kodiak has already resumed drilling at Gate and will drill that second look-alike anomaly soon too.
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Multiple New Targets On Top Of It All
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Yet there’s more. Among the number of other targets at MPD are two high-priority prospects.
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Both the Man and Dillard targets have been tested by historical drilling, but like Gate before Kodiak came on the scene, most historic drilling was shallow.
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Kodiak is about to begin a deeper IP survey on Man and Dillard that could not only direct drilling but could also give a very positive indication beforehand of another Gate in the making.
This could create yet another share price catalyst for Kodiak to go with the drill program already underway.
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A Tantalizing Entry Point
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The value proposition for Kodiak Copper is as simple as it is compelling.
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A large copper-gold porphyry has already been discovered in an area where porphyries tend to occur in clusters.
Not only does Kodiak have the chance to grow Gate further with the drill bit, but it has a great opportunity to find other big porphyry centres on the project.
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The company has completed another financing and has C$18 million in the bank post-financing, with zero warrants outstanding soon.
Better still, Kodiak is currently trading at about half the value right now as it was post-discovery…yet the copper price and the company are much better today.
With so many targets to drill and an ongoing success story at Gate, Kodiak Copper looks extremely attractive at current levels.
If you want to hitch your star to Chris Taylor’s next big winner, Kodiak Copper is offering a tantalizing entry point to do so.
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To Learn More about Kodiak Copper Corp.
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