Hi all, I am averse to detailing figures / financial or otherwise, it is easer to form a conclusion by collecting salient points and using common sense..to....highlight the main points as I personally concider relevant. In this case [ Cupric Canyon feasability and funding statistics ] I see this for MOD ? The same if not better mine capacity....split between two sites [ T3 and T20 complexes ] both rated 100mt and a mid cap entrance to the LSE Both with LOM equal to Cupric's. For MTR this would shoot the value of combined potential income also to mid cap proportions. The eventual Jorc of MOD could well be north at 6 / 800mt and would not be surprised if Rick Rules calcalations hover around these assumtions............I think I am being conservative.......however the approaching upgrades due for 1. T3 2. T20 3. Kalaharii Metals....and the expected DFS end March.......will show how close to the above conclusion we are. With all the domes within MOD / MTR licence area of 16000km2......graded [ another 2yrs if not more ] The Jorc could be well past the 1000mt mark. I speak as I find, and this is not confirmed or meant as advise...........but definately worthy of contemplation ? Of coarse we could both be taken out at any moment now ? ? Regards.
MOD Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held