Good to see the positive comments. The bigger picture for the project looks increasingly strong in my view after this interim update from A4. A1 drilling is also continuing. With the mineralised NPF constantly being hit over a wider area, the copper basin looks to have real scale. With major producers in Chile struggling with lower grades and higher labour costs, if MOD can amass a district of copper (with silver credits) at an average of around 1%, then I'm sure it will be snapped up before reaching production. Highly promising targets T2,.T4 and T23 to follow of course.
For the moment the price of copper I feel is affecting the MOD share price badly as it's sitting at a very low point. Short term investors will no doubt be concerned about the politics behind the recent fall in copper's value. This from a few hours ago:
BEIJING, Sept 5 (Reuters) - Shanghai copper hit its lowest
in more than a year overnight and was down for a fifth straight
day in early trade on Wednesday, tracking a 2.6 percent drop in
London copper overnight as U.S.-China trade tensions continue to
weigh on metals prices.
MOD Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held