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Silver's brilliant year validates bugs' enthusiasm
By Eddie Spence
Bloomberg News
via MSN.com
Sunday, September 6, 2020
Ned Naylor-Leyland has been all-in on silver for 18 years, earning derision along the way from fellow investors favoring the more glamorous gold. Now, with silver's price skyrocketing 51% this year, he's got reason to feel vindicated.
The manager of the $1 billion Merian Gold and Silver Fund in London proudly calls himself a "silver bug," a term describing an investor whose fervor for the precious metal is more extreme than the typical bullion enthusiast's.
... Dispatch continues below ...
Kodiak Drills 282 meters of 0.70% Copper
and 0.49 Grams per Tonne Gold (1.16% CuEq),
Including 45.7 meters of 1.41% Copper
and 1.46 grams per tonne Gold (2.75% CuEq)
Company Announcement
Thursday, September 3, 2020
VANCOUVER, British Columbia -- Kodiak Copper Corp. (TSX-V: KDK; OTC: KDKCF) today reported the discovery of a significant high-grade copper-gold extension of the recently discovered Gate Zone at the company's fully owned MPD copper-gold porphyry project in southern British Columbia. The MPD project is accessible year-round from paved highways 5A and 97C.
Chris Taylor, chairman of Kodiak, said: "As compelling as our 2019 discovery of the Gate Zone was, it now appears we had only grazed the margins of a much stronger copper-gold zone that we have now successfully targeted. Our new results include discovery of a central high-grade copper-gold zone within the wider copper-gold mineralized envelope of the Gate Zone. These drill results are among the strongest reported from this well-established copper mining district. Drilling is ongoing and we will be releasing additional results throughout the coming months."
Kodiak President and CEO Claudia Tornquist said: "While we are just beginning to unlock the untapped potential of the MPD project, we view this new discovery as transformative for the project and by extension for Kodiak. Especially remarkable are the new high gold values, which we would have viewed as a successful stand-alone gold discovery in the absence of any copper. Given our 100% ownership of MPD, and its position adjacent to highways with year-round accessibility, we anticipate a very active remainder of 2020 and that 2021 will be our most exciting and productive year so far."
For the remainder of the announcement:
https://www.kodiakcoppercorp.com/news/news-releases/kodiak-drills-282-m-...
The bugs foresee a crash of the fiat cash system in the aftermath of unprecedented monetary stimulus, putting silver back in play as a viable currency. Their core tenet is that gold's cheaper, more volatile cousin will continue surging in value.
"I've been waiting since 2002 for the inevitable demise of this monetary system," Naylor-Leyland said. "I've been standing there waving on the top of a hill for the last 20 years, and suddenly everyone's pointing at me saying, ‘That man's a genius.'" ...
... For the remainder of the report:
https://www.msn.com/en-us/money/other/silver-s-brilliant-year-validates-...
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