If Sandfire offered their entire $179million cash holding, I think that could be given some consideration. I think that could take us into the 50cent range. If you can think of copper going and staying above $3.00us, or even moving towards $3.20 to $3.50 into 2020, MOD's value is heading up over the $1 range. With Copper looking the strongest it has in a long while, and if Trump puts this China trade war to bed, this could become a very sought after project. Not to mention warehouse levels are back on the decline,,, so right now we're balancing on a real sentiment shift,,, and offers even now will need to be strong.
I am sure Sandfire will be working hard on some sort of deal, maybe a large part of ownership and funding...
Where is our second suitor hiding?
MOD Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
