Sprott Research Note on partner Metal Tiger, page-3

I feel like a lot of the language, and particularly the repetitive comparisons to some of the worlds biggest and best sediment hosted regions makes the research note read very 'hypey'. But maybe Sprott genuinally believe this region can eventually be unlocked to a World class standard.

MOD, and particularly MTR with it's exposure to so much of the belt, are in prime position if this can eventuate.

The key points I take from the note though

A) since PFS, we have made great strides to improve T3 pretty dramatically, which I am including feed from A4 which to me is a given down the road. Plus resource upgrade. Plus T3 UG which is still ongoing and completely excluded from existing T3 calculations... DFS will show big improvements over PFS.

B) Copper Price has SUCH a huge impact on metrics. The difference between $2.60 to $2.80 and again to $3.00+ is just so large, and although by production we may be under a whole different Macro scene if supply/demand through 19/20 creates growing deficits,,,, DFS is due within a few Months and it will make a big difference being able to stamp this to the market with good metrics, and copper price is the number one factor. (Maybe Trump can reverse his impact on this stock by declaring he wants to build his 'wall' out of copper)

C) It is in unanimous agreement that exploration success trumps anything else when it comes to market response, and as far as copper price is out of our hands and could well dictate how the market looks at us good or bad,,, exploration is in our hands, so are the permits, so are the EM results, and so are the drills, and 2019 needs to create a story of regional success. 100mt+ by end of 2019 is break even for me... With existing discoveries ongoing (A4 to be JORCed) and any new discoveries, I think this is a fair aim and fair return on the considerable capital investors put in through 2017/2018 to do exactly that, unlock regional potential...

Happy Friday everybody!