MOD 0.00% 43.5¢ mod resources limited

Ann: Record High-Grade Intersection at T3, page-21

  1. 205 Posts.
    lightbulb Created with Sketch. 9
    The things I like except district scale land position/already  a resource etc is that MOD actually is a near term producer.

    Exploration upside may be "easy" to find, but big exploration upside + near term cashflow is not that common imo. IRR and payback etc seems very good also, even though PFS will give new/more information.

    Also like that MOD seems be working quite fast and on many fronts at same time. Costs seems to be low and that's not a drawback. Like this

    "Total cost of discovery of T3 and delineation of the maiden resource was an exceptionally low US$1.7 million, equivalent to only US 0.22 cents/lb copper contained within the resource."

    Hopefully Capex will be quite low also...

    The big amount of shares maybe is a drawback accordning to some. But I think that if the resource and the development continues to grow then will also SP grow/rise. Imo only.

    Hope for a good 2018 and beyond....
 
watchlist Created with Sketch. Add MOD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.