Sometimes you come across companies that are well financed, have good assets, strong backers and management, but don’t seem to get much traction during a tough commodity market. Dolly Varden Silver (DV.V)(DOLLF.US) fits that bill nicely, but after a correction in the silver price its management decided it was time to do something bold to set itself apart from the crowd.
Penasquito Mine; source Goldcorp
After a year of preparations, Kutcho Copper’s (KC.V) CEO Vince Sorace was finally ready to finalize the paperwork, and disclose the names of the consortium partners for the MineHub blockchain initiative, of which he is also the CEO, and founder.
Although Kutcho Copper remains under the radar of most it seems, it doesn't seem to lose a lot of time, and continues doing the heavy lifting in order to advance their flagship project, the Kutcho high grade copper-zinc project in British Columbia, Canada.
Despite the summer doldrums, a strong dollar, a developing trade war between the US and predominantly China, and the resulting poor sentiment in commodities and mining stocks, Kutcho Copper managed to raise decent money, necessary to fund their ongoing drill program at their flagship project, the Kutcho high grade copper-zinc project in British Columbia, Canada.
Since my last update in May, Kutcho Copper (KC.V) has been working hard to advance their flagship copper-zinc Kutcho project in British Columbia. The company defined 9 priority drill targets and started drilling in June, they replaced Allison Rippin Armstrong this month who was responsible for environment and community relations, and are raising C$4M to support the current Feasibility Study work, permitting efforts and drilling campaign to expand the current resources.
After entering the markets with a big splash in December 2017, on the back of an almost monumental deal (for a nano cap) with Wheaton Precious Metals, Kutcho Copper (KC.V) has been working quietly but diligently behind the scenes, to set up everything for further development of their high grade copper-zinc Kutcho project in British Columbia.