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I think the piece missing from Rick Rule's equation is just...

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  1. 709 Posts.
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    I think the piece missing from Rick Rule's equation is just scale...

    We have a good project here with lots of exploration upside, but copper price is a continued cloud heading towards DFS.

    If it can get back above $2.80, then the project can speak for itself in terms of numbers. But it is hard to pick which direction it goes in the next few Months, so how well the DFS can be received under market conditions is a big unknown and not a motivator currently for new investors to get in.


    We know of the massive land holding MOD have in the copper belt, and have only scratched the surface of planned exploration, but to go to the next level,,,, rerate,,, get front and center M&A attention, we need scale now. Even a suggested step up in scale with some large intersections,,, or a slower process of unlocking NPF across a large area,,,, I feel like we aren't moving much until exploration can prove itself.


    T3 has locked us in to the 'watch this space' i'm sure for a lot of majors and investors. Scale will get money pouring in here..



    That's my feelings.


    Last edited by RhysT: 17/01/19
 
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