Ann: Feasibility Study Confirms Outstanding T3 Project Economics, page-9

Morning Guys,

I agree with your collective thoughts here.

MOD will not have to look far for funding if they so choose. I still prefer a GOR type of deal if they are adamant that they want to look for the next buried deposit within this belt instead of putting their feet up and retiring. However, I would also think that other parties may be taking a different view.

SFR has already shown a desire, potentially opportunistically, to take the entire project and I can think of a handful of other mid tier producers who may have similar ideas.

The numbers presented today are better than those modelled by Sprott, although some of it comes down to various inputs such as Cu price.

However, there also remains differences over and above these input differentials. The implications are that the DFS may surprise some industry players to the upside which in turn may make MOD an even more compelling portfolio addition.

A very good achievement by MOD. Let's see what the next step will be. Quite happy to have someone keep feeding shares into this news event and keep the SP muted for now.

Like some here, MOD and ADT are by far my two largest BM plays, although gold is the macro resources theme presently. (MOD and ADT company specifics override macro outlook IMO).

Cheers
John