To me after reading the report it looks like the MOD is worth 10-12 cents per share on a risked basis (including cash on hand, gold asset etc), so there is some serious upside here if it all turns out well.
Long term there is predicted to be a copper deficit and so whilst this project is valued on current prices, one can foresee that low copper prices will not continue and this will only enhance the economics.
MOD Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held