..."The bulk of the funds will be used for undertaking a bankable feasibility study, pending board approval," Tony Reda, Kaminak's vice president corporate development, confirmed in an email. "No formal decision has been made yet to proceed to feasibility; however, this was the missing piece of the puzzle. Right now, we are in the middle of an exploration program (phase 1), and contingent upon results, we may deploy more capital towards exploration." ...

...David Sadowski of Raymond James in Vancouver described the investments by Beaty and Zebra Holding as an important "stamp of approval" and recommended that investors increase their positions in Kaminak "on a strong vote of confidence from two mining-savvy investors." "Ross Beaty and Zebra Holdings are active long-term investors with successful track records in the mining industry," the mining analyst wrote in a research note. "We view their investments as both a vote of confidence in the Coffee project and Kaminak's management team, as well as a potential first step towards additional financial support in the future." Sadowski has a target price of $1.90 per share and notes that the $5.5 million 2014 exploration program is ongoing at Coffee and expects initial drill results from Macchiato, Cappuccino and other targets in the third quarter. He also expects a feasibility study late next year and a two-year permitting process, which would put production starting as early as 2019. About 3.2 million shares changed hands today on the news, sending Kaminak's share price to a 52-week high. Over the last year, Kaminak's shares have been trading in a range of 45.5¢ and $1.05 -

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