The MTR CR is quite attractive and includes a nice warrant. Sprott allocation is small and thus will get snapped up quickly. I have chosen to stay with MOD.
A couple of interesting points from MTR interview from my perspective
(a) From 1:30 mark. "Lower Zone" identified. At T3 this grades 0.6%. However, looks to be higher grade in current drill hole. "Potential for this to stretch across the entire belt".
A bit tongue in cheek from me, but Kamoa Kakula anyone?
(b) Sounds like MTR have the same view as I do about the best way to achieve value uplift here - drill this tenement full of holes.
Cheers
john
MOD Price at posting:
49.0¢ Sentiment: None Disclosure: Held