Ann: Exploration Unlocks Copper Potential at T23 Dome, page-25

Hanna commenting in the quarterly... “In addition, the Board is considering several strategic options to fund exploration of the unique regional potential across our vast licence holdings, while we develop the T3 Project.”

And in the most recent ann “A substantial drilling campaign is planned for early 2019 to target some of the most compelling domes and structural targets in the T23 Dome area.”

I very much believe given the scale of what MOD are sitting on they are going to need a good chunk of funding to enable the drilling required - even with MTR throwing in 30%. I am intrigued at the options they are exploring. I think they’ll wait the next few drill holes to be completed and assayed before raising $10-$20m in mid to late Jan. Other funding options such as streaming and royalties on the silver for example must be considered given where the SP is and the dilution a CR will create - a rights issue may well compliment.

Not this best year SP wise 2018 but here’s hoping the world keeps its head on from a macro point and the team find what we know has to be there.