Ann: Trading Halt, page-39

Hi Canetoad,

I also hold a fair few STM and both it and MOD will do well if the looming supply crunch comes to pass within the Cu sector. The STM TH is intriguing.

Just for the purpose of sharing, keep an eye on developments in Ecuador in relation to the recent Appeals Court ruling as it relates to mine development and local consultation/ approval to progress a mine. Whilst this doesn't affect STM specifically, it could have sov risk implications.

It is also another good anecdote as to why MOD is so well positioned in Bots, with a cut-and-paste Canadian Mining Code and reasonable property rights.

Cheers
John