Hi Ajjax,
Thanks for the advice. I better sell on open today and pick some up at 5c....
But seriously... do you realise how unhelpful and waste of space it is to make blind predictions about share price with no reasoning offered? That goes for predictions in both directions.
At 5c the company would be valued at $3M MC. They currently sit on cash of $5.47M with 3 copper exploration projects in Chile/Peru and a few other properties up their sleeve for later. Further drilling is planned at Mostazal, before moving to Ilo Norte later this year.
MODD003, targeting the porphyry feeder, has been drilled to the west of Holes 1 and 2 which were planned to intersect the mantos style sheets. Holes 1 and 2 did return some reasonable hits >0.5% copper albeit over thin sections but this is probably what should have been expected.
Diagram below is the type of copper deposit they are targeting/expecting. Mantos style sheets fed from a large porphyry system.
Below is map of the copper giant country they are in. Note the grades are relatively low but the tonnage is huge!
I offer no predictions on price. DYOR.
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Hi Ajjax,Thanks for the advice. I better sell on open today and...
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