My thoughts are pretty much in line with this. With Hanna at the helm and the work they have put in so far, including the mine accomodation, they are moving forward at every level as if they plan to become a producer, and JH wouldn't be afraid of taking that on.
Exactly as you said though, whether they get to that stage or are bought out, they are presenting an attractive target.
Proving up further economic deposits is the major box to be ticked now.
I'm dieing to hear if T1 reaches an economic status to feed T3.
It wasn't under the original scoping study, but they have put a bit of work into drilling out a resource so i'm wanting to take that as a hint that they believe it can be economical.
MOD Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held