MOD (ASX) MOD's JV Partner considering asset disposal?

Originally posted by freeheel ↑

They only had a break of a week I think, and started on the infill drilling even before they announced the JORC - by the 20 September announcement they had completed the first two infill holes, and by the 4th Oct Ann they had 5 infill holes completed.

Those 5 infill holes are in the core, high-grade section, and assay results should come any day. As they're infill they're not likely to increase the amount of the deposit (unless they're spectacular), but moving the confidence interval from inferred/indicted to measured will in time increase the value of the deposit

It's probably no longer material to announce each batch of assays as they came in (we saw approaching JORC they were reporting 2+ batches at a time), but by Mon/Tues next week we should definitely have 4-5 assay results I think.

The deep hole: from memory they drill 60-70 metres a day, so the hole should be near complete if not completed by now. They may well announce visuals first as they did on the first deep hole, and on several of the resource holes.

Meanwhile they have the two exploration teams that are partway through the 6 month exploration programme - I think an exploration update was due too.

So in summary there is the possibility of lots of news that could land at any time.

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That's exactly what I was alluding to @freeheel, batching results rather than drip feeding.
You are correct on the one week (much deserved) drilling holiday too.
The don't hang around do they?

I'd like to bet they don't announce visuals this time unless they are exceptional.

atb
JS

That's exactly what I was alluding to @freeheel, batching...