1. The copper price appears to have turned a corner and Kopore will be pitched as a new wave of copper opportunities that will inevitably come as the price starts to touch $3 - it is just ahead of the game.
2. Even the big tonnage low grade plays such as Cupric Canyon's Banana Zone will start to become economic at $3.
3. The Cupric Canyon Zone 5 resource is excellent and Kopore can easily lever off this in the early days from a news perspective.
4. Kopore is the missed MOD opportunity. Many investors looked at MOD for a long time and then didn't invest as they thought the company had stalled, then they hit T3. Kapore is a chance to have another crack.
5. The whole story about MOD dropping those Kopore leases BEFORE they discovered T3 is a good one, they might not have been dropped if they understood the geology like they do now. The Botswana requirement to spend or drop within a relatively short period of time also plays well into this.
6. Having an ex Cupric Canyon Geo (David Cattrell) on board is also a huge plus and a good story can be wrapped around this. Grant Ferguson and David Reeves have extensive African development experience.
7. Cupric Canyon will drop most of their ground and commence mining Zone 5 asap. The plan is to IPO Cupric Canyon in a couple of years for huge $$. Just remember Discovery Metals had a legitimate bid for $800m in 2012, Cupric Canyon is Discovery reincarnated.
MOD Price at posting:
5.9¢ Sentiment: Buy Disclosure: Not Held