Here is an earlier report about Grande Portage from a few months ago
Could Grande Portage Be the Next Kodiak?
By David J. DesLauriers
24 Mar 2006 at 12:27 PM EST
TORONTO (ResourceInvestor.com) -- Massive sulphides along with silver and uranium are extremely hot right now. The market has proven its willingness to pay for all of the above, but there are far fewer major scale quality massive sulphides plays than there are silver and uranium vehicles.
More importantly, huge speculation is coming into these plays even before the drills start to turn. Kodiak Exploration [TSXv:KXL] has arguably been the hottest junior stock of 2006 to-date, with shares in the company exploding from around 30 cents in mid-January, to the C$3 level today.
Indeed, Kodiak’s first up-leg, which took the stock to C$1.35, came solely on the back of enthusiasm about the company’s VTEM airborne geophysical survey, which identified massive sulphide bodies over several kilometres of strike length.
Investors made a 10 bagger there in a little over a month.
Grande Portage
Your correspondent believes that he may have found an analog to the Kodiak play.
Grande Portage Resources [TSXv:GPG] is a little company that is not on very many radar screens right now, but could have Kodiak-like upside over the next month to six weeks.
GPG controls a monstrous hundred square kilometres of land included in which is the Merry Widow massive sulphide project in British Columbia, and is readying to conduct its own airborne geophysical survey with results due out in late April. With the regional aeromag map extending almost 12 kilometres in diameter, and lighting up like a Christmas tree, all indications are that Grande Portage will be able to report a multi-kilometre strike length of massive sulphides with numerous extremely large and newly identified targets.
The company is also getting ready to put 22 holes into three target areas on the property. “The drill targets are all to be based off existing logging roads and will target the newly discovered IP target, the Road zone, and a copper-gold massive sulphide zone in the hanging wall of the Merry Widow pit.” It should be noted that historical results from the pit include 43 metres of 5.66 g/t gold and 1.36% copper.
All of this will come together over the next few weeks, and management isn’t afraid to tell the story, and will be doing so both in Canada and Europe.
Conclusion
With a current market capitalization of C$12 million and shares trading at under C$.40, the VTEM survey alone could drive Grande Portage over C$1 per share in the next several weeks if it is able to demonstrate what the company believes it will, and if it is at all comparable to Kodiak’s result in terms of substantial strike length.
Further, if drill testing can match historical results for high grade gold in the Merry Widow pit, and deliver strong base metal values in any of the major massive sulphides targets in the company’s land package, GPG could in all probability continue to follow the Kodiak pattern (one drill hole from KXL pushed the stock from C$1.30 to $3.54).
Indeed, at this price the risk to reward ratio is very attractive, and investors may want to keep Grande Portage on their radar screens, because there is a decent chance that history repeats itself. Positive news flow could make GPG a multi-bagger over the next several weeks as the company reveals the results of its VTEM survey, raises awareness and commences its drill program.
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