Is anyone else thinking what I'm thinking?
We now have a really good assay at A4 and confirmation that A1 has hit mineralisation. That's pretty much 2/2 with 5 more domes to test. We could easily be looking at a situation where all or close to all of the targets in the T3 dome area are hosting economic deposits. Eight mines not one. We could be looking at a much larger plant at T3 to treat all that ore within a reasonable timeframe. Who wants 100 year mine lives? This has the potential to get very big.
I'm thinking that a major is going to take MOD out once the DFS is complete. I just hope they drill like there's no tomorrow over the next 9 months. I also hope there are no regulatory delays on getting the drill bit into the T20 dome. Either that or when the major comes sniffing around, they can sell the T3 dome with 6-7 defined resources included in the sale price and keep hold of the T20 exploration. Like MTR, I don't want to sell it before it's drilled.
Cheers,
Tim.
MOD Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held