I know I'm not holding MOD at the moment, but I've several friends etc who are, some with 7 figure holdings (shares not cash) on my recommendation.
I honestly thought there were going to be "pockets" of mineralisation between the 2 zones that made it into the calculations because MOD simply hadn't reported them (kept putting out the 1%+ ones usually) in the actual announcements. Clearly they don't appear to be there.
They've not explained about why there's no figures for Zn, Pb & Mo in the resource calculation. I'd say it was a typical MOD rush job announcement.
You know I call it as I see it good or bad.
So yes to me the figures are disappointing. Let's hope they find more.
PJ's talk / interview on Friday made me think hmm maybe I've made a mistake, maybe there's a lot more in between the 2 zones than I thought. Nope calculation was pretty much par for the course.
Let's see how the others view the news?
LOTM
MOD Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held