Ann: Successful $15M Capital Raise and Media Speculation Response, page-38

It’s a good point and why I can’t agree with views that suggest MOD shouldn’t explore but rather preserve cash and not drill. “Cos the market is bad”. They are an R&D company and have what appears to be a proven exploration concept in what is appearing to be a proven belt... this is the value.. that the odds of hitting are significantly higher due to the prospect and method. MOD really must continue to drill. Geology is their strength. Corporate and mining are somewhat unproven and questionable.