New research note on MOD (London listing), by Edison, page-5

Hey Rhys. It’s not a bad one to look at and it will certainly be interesting to see how they go with finance especially with NST holding 20% of the shares on issue. NST may have capital tied up with their recent pogo acquisition though. There is a growing trend of mine finance being provided by other miners - the equity portions at least - this could be a similar story.

What I’m hopeful with MOD is we can prove up a tier 1 deposit to attract the big mid caps and majors who could either assist finance or takeover the entire project (at a price of course!). We must show district scale for that to occur though. The big thing that the Kalahari and Central African sediment hosted Cu deposits have over a VMS like Sulphur Springs is sediment hosted deposits can run and be massive tier 1 deposits (not to mention good met).. MOD has plenty of land to find such a deposit.