The things I like except district scale land position/already a resource etc is that MOD actually is a near term producer.
Exploration upside may be "easy" to find, but big exploration upside + near term cashflow is not that common imo. IRR and payback etc seems very good also, even though PFS will give new/more information.
Also like that MOD seems be working quite fast and on many fronts at same time. Costs seems to be low and that's not a drawback. Like this
"Total cost of discovery of T3 and delineation of the maiden resource was an exceptionally low US$1.7 million, equivalent to only US 0.22 cents/lb copper contained within the resource."
Hopefully Capex will be quite low also...
The big amount of shares maybe is a drawback accordning to some. But I think that if the resource and the development continues to grow then will also SP grow/rise. Imo only.
Hope for a good 2018 and beyond....
MOD Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held