In another stock, or in this stock but at a different time, your point might have been fair enough. We even saw it happen after the initial drills, great grades and widths, but a quiet spell and the CR held it back.
Situation is very different now imo - not only are MOD clearly excited about the scoping study, but look at what they're drilling. They've talked about the mineralisation model they think gave rise to T3, and are targeting those high Cu soil anomalies east and west of T3 along the 14 km stretch. They're clearly hunting more T3-type deposits. I'm pretty sure that second hole at T3 wasn't simply luck but good geo work - and they've now got a much better understanding of how and why the deposit formed. They clearly think there are other T3-type deposits lurking nearby, and given their performance to date you'd have to back them to find it.
They're drilling the 14 km stretch right now and it will only take 1 or 2 holes in another T3-type deposit and we'll never see 3c again, and they're not going to have any trouble raising funds!
MOD Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
