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43.5¢ mod resources limited

FIB I've been in this for a month or two really low risk down...

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haspete

18,874 Posts.

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12/09/14

13:10

Post #: 13965715
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Originally posted by Fibonarchery ↑

Julian Hanna co-founded Western Areas and was MD from 2000 to 2012

Now he is aiming to take MOD Resources to the same lofty heights. Drilling will commence shortly to test underneath MOD's already substantial copper-silver mineralisation in Botswana.

This projects adjoins DML's Boseto asset, and is withing a ridiculous 7,800km2 that MOD controls in the Kalahari copper belt in Botswana.

Last year, a Singaporean billionaire Peter Lim Eng Hock took a 9.6% stake in MOD - he is part owner of the Formula 1 Mclaren Group, and has been an uber successful investor for decades.

MOD's largest shareholder is Oceanagold Corporation (ASX:OGC).

MOD is earning up to 80% of a large and high grade gold project from OGC, the largest undeveloped gold asset in New Zealand.

MOD is capped at $6 million and is fully funded after a cap raise where management got well and truly set at $0.008.

Even the drilling company is taking 50% payment in MOD shares.

MOD is cheap, its going up, and everyone knows it.

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FIB I've been in this for a month or two really low risk down here could easy be a Ten bagger from here imo

MOD Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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