MOD 0.00% 42.5¢ mod resources limited

Ann: Strong T3 Infill Drilling Results, page-5

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  1. 859 Posts.
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    Absolutely this is the takeaway from the Ann - if we can follow a 10m vein @ 5.5% CuEq UG it could be hugely accretive.

    I’m still all a bit lost here though.. why decide in Jan, 2 months before a DFS to do a 60 hole infill program? Such an infill program, designed to get more tonnes into higher confidence levels, giving comfort to financiers and mine planners should have been done a few months ago so results could be incorporated into a DFS no..? Was it not done earlier due to cash flow constraints and the focus on exploration (which appears to have flipped to development)..? Why the timing now? I guess it was related to the $15m raised in late Jan and couldn’t be done until they had the funds...
    Last edited by Cashmeoutside: 12/03/19
 
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