Cheers John. What are your views on rebuffing such a predator?...

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cptcaveman

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04/10/18

10:54

Post #: 35991285
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Originally posted by JID ↑

Afternoon Guys,

Finally, we get some news and, from what I am reading it is good.

My takeaways, as I read:

(1) NPF mineralisation is both consistent and grading >2% below A4 ... if this is indeed a homogeneous and contiguous "blanket" on a regional scale ... that would be something

(2) Vein hosted mineralisation at A4, represented by holes MO-A4-003D and MO-A4-008D are 400m apart. if the proposed infill drill hole is also mineralised ... that would be significant

(3) Sounds like the FS is progressing well and ahead of schedule. Interestingly they are talking of a production number >30ktpa which suggests there will be a material improvement on the current PFS and potentially it will incorporate A4.

(4) Lots of drill holes still to come (7) and they ALL appear to have intersected mineralisation in veins and along the NPF.

IMO, management are doing their absolute best to "lead the market to water", but for whatever reason, "the market refuses to drink". More fool the market !!

A well connected friend is already speculating on who will take out MOD and I tend to agree with him. If the market doesn't price MOD efficiently, then a predator will be happy to.

Cheers
John

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Cheers John.

What are your views on rebuffing such a predator? Rebuff the first and let a bidding war begin, and with each passing day the reserves and resources improve forcing the bidders to get serious?

MOD Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
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Cheers John. What are your views on rebuffing such a predator?...

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