Ann: T3 Pre-Feasibility Study - Robust, Long Life Copper Mine, page-20

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freeheel

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01/02/18

03:30

Post #: 30721975
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Originally posted by fbx258 ↑

Hi Tim,

I believe it was the general market sentiment in the broader index as well as perhaps ' buy the rumour and sell' the fact in MODs case.

I reread the PFS and a few points stood out here.

Price senstivity graph takes into account NO Silver upside in price, not that they are producing much over the LOM but as a byproduct, they fixed the price at 16.81usd. Thus any meaningful increases in Silver should lower ASIC in FS.

I expect Copper to go higher by 2020 to over 5+ a pound, meaning a higher IRR% along with any Cu exploration success would make this a monster.

Hence IMO PFS is conservative and better that way. Plenty of upside cases to be made.

View attachment 947407
My friend @JID made a good point, that Tiger may not be able to fund the 30% capex and instead elect to become shareholders thus increasing MODs ownership to 100%.

Share price will correct itself with plenty of coming newsflow in 2018.

View attachment 947410

Add to that Bostwana is on the rise and it makes a solid case for MOD.

View attachment 947419

Expand

@fbx258, there was an interview with the Metal Tiger CEO today, talking about just that (consolidating position in MOD). Paraphrasing from memory, but along the lines of "I expect there'll be a lot of discussion about that next week at Indaba" [The African Mining Investment conference that MOD are presenting at next week, followed by a site visit by interested parties].

http://www.*.co.uk/companies/stockt...dy-on-botswana-copper-joint-venture-8687.html

Last edited by freeheel: 01/02/18

MOD Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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