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Hi BinwoodI agree that this market is starting to...

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133 Posts.

44

11/12/18

01:58

Post #: 36813124
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Originally posted by binwood: ↑

Hole 2 looks much better.

Surely this is cheap on T3 alone. They have a big enough resource to double reserves there easily enough and with bigger throughput NPV should be A$500m+ over time.

Exploration success elsewhere just builds the investment case.

We could see Cu prices of $3.50/lb by the time MOD get to production further increasing cashflow/NPV.

I don't know where this general market is going and could get a lot worse before it gets better but I think there are some chances moving forward for LT FA investors to get set on some quality projects at value to deep value prices.

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Hi Binwood
I agree that this market is starting to offer compelling value for some quality base metal projects - as you say things may remain depressed (or even deteriorate further) in the short/medium term but for long term investors some of the stocks are starting to look very undervalued.

MOD Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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2 Great analysis

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