Thoughts:
Raising copper prices and few new notable new mines on the horizon to limit the price when MOD comes to market 2020.
Botswana is a stable jurisdiction with rule of law in place.
Good tonnage and hopefully improving grades from an expanding range of sites within our now vast licence area.
With the tonnage building there is an enhanced prospect of a T/O by a mid tier miner at a significant premium.
MTR may be happy to cut and run given the significant premium made on their investment and the cleaner share registry would only further enhance the appeal for a suitor.
As a very long term holder I am super excited at the growing potential for this CU play. Current raise price is not ideal but the trade off does I feel more than justify the decision.
MOD Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
