Does anyone know what this could be worth if it keeps growing the way we all think and hope it will and someone like RIO or China Moly come calling?
A 55% Stake in a big open pit mine like Tenke was sold for 2.6 billion last month. Obviously we'd all be stoked to get even half that resource, but what is that then worth as an undeveloped asset with the DFS done?
I like the plan of getting an early resource, but would expect MOD to then make sure (as they will no doubt) they get full value by drilling the bejesus out of the surrounds before moving on to the rest of their tenements and new brilliant discoveries.
Not selling one share. Wish I could buy more.
MOD Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
