The chart shows an extended trading range with steady accumulation of MOD shares and you can see the large volume coming in to the right as the drilling was completed and an announcement of the visible copper was made.
As soon as they announce news of the drill assays, or sale of the 1M oz Sam's Creek gold resource this is likely to breakout to the upside.
The most recent capital raising was supported by AIM listed Metal Tiger who are investing in resource opportunities at the bottom of the resource cycle and they consider themselves very fortunate to be able to access projects of this quality.
If you watch the whole video, which was held late 2015, then it is stated that, "we are not in it for 30-40%. We expect to make significant times our money". Don't we all.
The video talks about all their projects but the Botswana project is discussed from 17 mins and it should start at that point.
The larger diagram with the blue areas referred to in the presentation is here.
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- Ann: Visible Copper Intersected in First Drilling on DMI Licences
Ann: Visible Copper Intersected in First Drilling on DMI Licences, page-14
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