it is exactly the strategy of mgmt to increase the resources rapidly, they did great work in a matter of months. The only worry is what game Sprott will play here in the long run, he is always far ahead of the crowd. Rick Rule visited Botswana, immediately went for a big stake in MTR. In resource sector it is very difficult for small fish mgmt ( however capable they are ) to move into mega league like Friedland, Sprott or Beaty. There is tremendous resistance from those guys to expand the club, besides proven deposits are difficult to find nowadays, so they may try to take over at some point. Lets keep our fingers crossed.
I know this post will not make some investors happy, but kindly note I am a mega MOD /MTR bull, just highlighting the risks. The scale of possible operation in next few years is so vast, already we may be in the vision of many big guys , including some big Chinese interests.
MOD Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held
