MOD 0.00% 42.5¢ mod resources limited

Where's the news flow?

  1. 859 Posts.
    lightbulb Created with Sketch. 283
    Getting a bit frustrated following this one.. especially when they keep going on about how there will be heaps of news flow..

    T1
    26 Feb - New 20-hole drill program launched at T1 to test resource extension. 2 diamond drill rigs go to site
    24 May - 7 of the 20 drill holes complete, assays pending. Intersected “encouraging” mineralisation (bornite and chalcocite)
    30 July - 11/20 drill holes complete, some assays received.. best of the assays show small intercepts at significant depth (doesn’t look very promising)
    How have we only completed just over half the drill holes in 6 months? 1 hole per month per rig?

    T20
    16 April EMP application underway.
    30 July - still awaiting application, additional AEM to be commenced in sept quarter.
    Where is the EMP approval? They have mentioned about causes for delays in investor presentations in May but surely this should be done now?

    T3 dome
    3 April - EMP approval
    15 May - Drilling commences
    12 June - first hole at A4 hits copper
    9 July - second hole at A4 hits copper
    6 August - Assays received from hole 3 at A4. Confirmation that mineralisation hit at A1.
    There are 4 rigs at A4, and 2 rigs at A1... surely given they have been hard at it for 3 months we should have more results...

    The silence is deafening, bring on the news flow already!
 
watchlist Created with Sketch. Add MOD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.