Ann: MOD Doubles Exploration Budget to A$10M, page-9

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nsw004

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02/09/17

12:35

Post #: 26950470
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Originally posted by nsw004 ↑

Botswana is rated very high on the safe list of mining jurisdictions. MOD is doing at the exploration at the most minimum cost ever possible. Even about 1 percent of the tenements also not explored so far ( T3 ) out of 8000 km2 tenements and based on the geology, this will turn out a mega Cu mining project in the years to come . The mgmt guys at both MOD and MTR are the best in the industry , they have done tremendous work in the shortest span of time, in a matter of months. Sprott inside MTR with a 10 percent holding and the position was immediately taken after Rick Rule personally visited the project . MOD have a clear cut plan to go into production by 2019 with low production costs. MOD is one of the best buys in ASX today by any analysis.With Cu demand expected to go up nine times in the next ten years for electric cars alone, with all existing mines depleting, our only worry is MOD should not sell out the project for a pittance at some point to some hungry shark. I am quite sure the mgmt guys at MOD and MTR are very clear about the long term potential of Botswana project and we just need to stay invested over next many years. Cheers.

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T3 phase 1 - NPV US$ 379 million with copper at USD 3.12

T3 phase 1 - 0.05 km2

T3 resource upgrade this week 16 %

T3 dome 250 km2

got it folks ?

MOD Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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Ann: MOD Doubles Exploration Budget to A$10M, page-9

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