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24,192 Posts.
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20/10/11
10:40
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The cu explorers you mentioned AVB, VOR do not own 80% of 770 000 oz Jorc deposit with a high grade of 1.78g/t Au which is open in all directions
Nearest peer that I can find looking only at the Au Jorc deposit with similar grades are :-
GOR: 1034k oz @ 1.6 G/t with Mcap of $117m (Undiluted)
So my opinion is that the current market cap of MOD ($71m)only really accounts for the Au not the large cu strike just discovered.
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