MOD 0.00% 42.5¢ mod resources limited

Ann: Quarterly Activities Report, page-10

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  1. 23,765 Posts.
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    "MOD Resources Limited (Company) requests a trading halt to be placed on the Company’s securities effective immediately pending an announcement regarding significant drill results within the A4 Dome which lies within the ~700km2 T3 Dome Complex.'

    Guessing this will allow them to focus on A4 as early feed, the synergies are compelling if high grade and they can make a reserve out of it early as will mean
    1.larger plant but at a lower sustainable capex per tonne due to more total resource .
    2higher grade for the plant coming in for the first few years improves IRR so reduces sovereign risk plus being earlier high grade feed is not discounted to the same extent as LOM feed
    3. Reduces risk so a grater % of the capital needed can be from finance rather than equity (placements )

    Just like to thank me mate JID with his research and analysis and for keeping me up to date on MOD aaaaaaa.PNG
 
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Currently unlisted public company.

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