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Ann: A4 Assays Confirm Expansion Potential for T3 Copper Project, page-19

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revoliverwhicker

30 Posts.

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21/12/18

18:30

Post #: 36939388
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Originally posted by JID: ↑

Afternoon Guys,

Obviously it is 'moving day' on global markets and nothing is or will be spared.

The US markets are and will lead everything lower and nothing is currently being spared.

(Just look at AUD gold ... it is up ... yet the Aussie gold miners are copping it along with everything else !!)

IMO, these are good drill results and a credit to MOD. There is a lot of Cu and it would seem, at a conceptual and very high level, A4 could potentially be mined UG and feed T3 ... remember the threshold is very low as the mill will already be in place at T3.

However, MOD will wallow along with other good exploration/ development stories whilst the macro storm rages.

IMO not a time to sell but equally not a time to buy either.

I just hope the Board are astute enough to realise the state of capital markets presently and dial back their cash-burn to eek out another several months before passing the cap around again.

Cheers
John

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I am hoping the plan is drill with as many rigs as our present budget will allow (2- 4) the T20/23/4 area until the DFS is completed then cap in hand.

MOD Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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