Ann: Admission to Trading on the London Stock Exchange, page-57

MOD caught my eye a few years ago, only recently have I started reviewing it again... and at 22c this looks like a good entry!

There aren’t many ASX copper explorers with decent JORC’s, and exploration potential which MOD has under its belt. A potential TO target in the years ahead IMO. 

The T3 project looked to be a fanastic mine for 2020, as commodities move into bull market territory, and silver will move strongly making the IRR and NPV sail well ahead of current numbers IMO. 

T4 looks to be interesting... with multiple thick layers of mineralisation, generally at depth though. A potential huge resource there alone... 

A big key will be to find more close to surface mineralisation which can be extracted via open pit... 1-2% copper and silver credits over a wide area will get plenty of attention when copper moves in a proper bull market. 

Another huge positive is that management own 17% of the business, which is what investors like to see! They will spend every $1 like it was their own, so not a lifestyle company.