The point i was trying to make was a company like MOD with a cracking project shouldn't get caught with only $800,000 left in the bank. It just leaves them open to predators. When money is there to be raised, take it! Too many times have I seen companies being forced into an unnecessary position where they have to dilute the hell out of existing shareholders because they declined an opportunity to raise money a few months earlier at a higher price.
You're right about T3, its far more attractive than the existing narrow first-reductant type deposits found in the region (that ultimately killed Discovery Metals). I think there's a very high probability they will find a repeat of T3, and they have so many quality soil anomalies to test the chance of success is high.
Roll on next week
MOD Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
