It does seem like the market needs a sensational drilling headline to take notice.
For me, a good scenario progressing is that they are mentioning production targets (2.5ktpa base case) could be increased due to the resource growth,,,, I am really interested in if T1 underground is turning into a resource to work as a feeder for T3 plant.
A new Base case is pretty much a given for T3 given this upgrade, but an expansion case that could factor in additional feed from T1, financially MOD contiunues to get more attractive even completely ignoring exploration.
Jaques did day it though, PFS work and infill/technical drilling isn't exciting to the market, but fortunately there are many, many chances to provide that sexy headline over the next 6 to 12 Months.
Not to mention the more T3 grows in scope, the more potential for M&A interest.
MOD Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
