MOD 0.00% 42.5¢ mod resources limited

Yeah I hope they secure some form of funding before the DFS is...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 859 Posts.
    lightbulb Created with Sketch. 283
    Yeah I hope they secure some form of funding before the DFS is published - I think we need to continue with the exploration and I think it will be longer term investors such as the miners who will finance rather than pump and dump bankers who just want to earn some brokerage. The DFS is not the end game, it will give us something to take to the banks/financiers while awaiting on the bots govt to work through the EMP and grant a licence - this could be 3-4months and we can’t secure finance even if we wanted to until a mining licence has be granted. Exploration has to continue in the meantime but maybe not at the scale of 9 rigs.

    I think one benefit a bit of a downturn will have is it will prolong this period of underinvestment and lack of exploration... so when the tide finally turns we could get Cu riding to >$4/lb and be sitting on a multi million tonne Cu district. Electrification is happening, just need to keep an eye on China.
 
watchlist Created with Sketch. Add MOD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.