If they have copper they will make money and that was a statement that I need to do the DD not you :)
The CEO was asked in two different interviews relating to the 10% stake from Teck Resources if they (Teck) would be helping with technical work/advisory since they have the experience and where they are located in relation to Kodiak's project. They provided financing and in return they got an automatic share price appreciation from their large stake and their big name but will get the ultimate return if they can shepherd Kodiak along with the project. They may also get paid directly on the books for advisory work.
Giga banked because the market believed there could be a deal with Tesla without knowing anything about capex or where they stood with the project and then people took a closer look after the hit job articles came out, the stock tanked and then took another dive after the lackluster PEA. The chart tells the story and I'd say the same for Kodiak in that there was an initial frenzy followed by a cooling period after folks study the company and where they are with the project.
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