Hi All
Well its been near a week and I thought there may have been more sp movement now that our neighbors ( asx code MOD) drill results have come thru and they are spectacular!! Geo mates of mine reckon theres every chance the veins continue onto our lease( wouldn’t you like a penny everytime your mates say that!)
Mod resources have a market cap around $105 mill and own 70% so extrapolate that out to around $150mill for the full lease. In comparison we own 100% and our market cap is around $15mill, no wonder theres a genuine possibility of this being a ten bagger!
From memory drilling is scheduled over the next two months so we should start getting results thereafter, if someone else know the results timetable more accurately please post it!
Obviously there’s risks and this type of share isn’t for everyone but for me possible return put weighs the down side!
Good luck
KMT Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
