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Metal Tiger Share Chat (MTR)



Share Price: 2.20Bid: 2.15Ask: 2.25Change: -0.05 (-2.22%)Faller - Metal Tiger
Spread: 0.10Spread as %: 4.65%Open: 2.20High: 2.35Low: 2.20Yesterday’s Close: 2.25


Share Discussion for Metal Tiger


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forest4032
Posts: 5,719
Off Topic
Opinion:Strong Buy
Price:2.20
I Second Copper
Today 13:56
121 Mining Event Panel Discussion join in at 26 mins for Copper

https://t.co/b9lZ1VmRbd
 
booboobooboo
Posts: 900
Off Topic
Opinion:No Opinion
Price:2.20
RE: T3 ticking all boxes
Today 13:19
2 x very high grade copper veins, 5 metres wide running continuously along the strike .

Not heard that before
forest4032
Posts: 5,719
Off Topic
Opinion:No Opinion
Price:2.20
T3 ticking all boxes
Today 12:54
presentation sorry previous one wrong

https://t.co/DF0w3rDp7k
forest4032
Posts: 5,719
Observation
Opinion:Strong Buy
Price:2.20
T3 ticking all boxes
Today 12:47
Presentation - $MOD Resources at 121 Mining Investment London 2017

T3 ticking all the boxes ------------ Enormous upside for Investors

https://twitter.com/YouTube
cashking
Posts: 11,575
Observation
Opinion:No Opinion
Price:2.20
Forest
Today 12:10
How olds that ?
Timeline to development
A PFS on the T3 deposit is due out in Q3 2017, which will likely be followed up by a DFS in
late-2018. With expected FID soon after the DFS and ~12 months construction time, we
see the potential for first production in H1 2020.
forest4032
Posts: 5,719
Off Topic
Opinion:No Opinion
Price:2.20
MTR the place to be / 4
Today 12:09
Argonaut research

https://t.co/UFjGTAli5W
forest4032
Posts: 5,719
Off Topic
Opinion:No Opinion
Price:2.20
MTR the place to be / 3
Today 12:01
Exploration upside

Argonaut sees significant exploration potential from MOD’s sizable land holding. We
believe the initial 28Mt resource will be substantially increased with exploration both
proximal to the T3 Resource and from regional prospects. The Company has budgeted
$10m on exploration over the next 12 months.

T3 remains open down-dip, at depth and along strike. Recent drilling has defined stacked
high-grade mineralisation opening up under the northeast portion of the existing
resource. Key intercepts outside the current resource shell include 12m @ 1.2% Cu from
230m downhole and 20g/t Ag and 6m @ 1.4% Cu and 28g/t Ag from 304m downhole.
Higher grade zones within these intercepts graded up to 2.8% Cu over 2-3 metres. While
these zones may be beyond the economic extents of an open pit, they open up the
prospect of an underground operation

Looking for more T3 like domes regionally

Regionally, MOD is planning to drill the 50km extent of the T3 Dome and the 60km extent
of the T20 Dome. EM and soil anomalies have been identified along the 150km strike
length between the two projects (refer to Figure 1). The domes are interpreted to be large
scale antiformal structures containing the copper host stratigraphy. T3 alone has 19
recently identified EM anomalies within the 1,000km2 dome. The T20 Dome is interpreted
to be the same structural host as the T3 deposit. Infill soil sampling and airborne EM
survey are planned over the region

Valuation

Argonaut’s model assumptions for the mining inventory and mine life are largely in line
with the Scoping Study outcomes. We have applied a slightly lower recovery rate of 93%
(vs MOD 96.5%) and our long-term copper and silver prices are US$2.80/lb and US$18/oz
with an AUD/USD exchange rate of 0.75. We derive an NPV12 valuation for T3 of US$98m
(A$131m, 100% basis) and a sum of parts valuation of A$126m or $0.07/sh

SPEC BUY

Current Price
Target Price
$0.06
$0.07

ARGONAUT Financial Advisers--Stockbroking & Research--Special Situations Financing

www.argonaut.com Analyst: Matthew Keane
forest4032
Posts: 5,719
Off Topic
Opinion:No Opinion
Price:2.20
MTR the place to be / 2
Today 11:48
Project overview
The T3 Copper Project is within MOD’s greater Botswana Copper Project located in the
~1,000km long Kalahari Copper Belt which stretched from the Zambian border of
Botswana into Namibia. Copper mineralisation is stratiform sediment-hosted in Mesoand
Neoproterozoic rocks. The stratigraphy is tightly folded and structurally deformed
along a NE-SW trend with a SW plunge. Prospective geology is under deeper sand cover
to the SW in Namibia and outcrops to the NE near Cupric Canyon’s Khoemacau Copper
Project. MOD has a 11,700km2 land holding stretching ~150km of the belt. The ground is
prospective for thickened, antiform (domal) hosted copper deposits such as T3. The
deposit is shallow dipping with mineralisation up to 100m true width

Timeline to development
A PFS on the T3 deposit is due out in Q3 2017, which will likely be followed up by a DFS in
late-2018. With expected FID soon after the DFS and ~12 months construction time, we
see the potential for first production in H1 2020.

Positive Scoping Study

A Scoping Study (SS) on the T3 deposit, released late-2016, defined a 10-year operation
processing 2Mtpa with 96.5% copper recoveries producing 22ktpa copper and ~665kozpa
silver. The project has a 6:1 strip ratio for open pit mining which may be reduced to 5:1
following pit optimisation and by applying a lower cut-off grade.

Pre-production capex is
estimated at US$135m with C1 cash cost of US$1.29/lb. A PFS is currently underway, due
for release in the December Q 2017. MOD defined a pre-tax NPV10 of US$297m with a 42%
IRR applying a consensus price of US$3.00/lb

Infrastructure

The sealed Ghanzi Highway runs ~300km along Kalahari Copper Belt and within close
proximity to MOD’s tenements. The town of Ghanzi is the regional centre with ~12,000
people and is ~100km from T3 via the highway. Securing water and power is commonly
an issue in Botswana. MOD is planning to install ~12.5MW of on-site power generation,
however the region is expected to be connected to grid power from the south in ~2020.
Adequate clean water should be available from aquifers under the shallow calcrete cap

contdi
forest4032
Posts: 5,719
Off Topic
Opinion:No Opinion
Price:2.20
MTR the place to be
Today 11:40
Best Undeveloped Projects

MOD Resources
Under the dome
Analyst: Matthew Keane
Quick Read
MOD Resources (MOD) discovered the T3 deposit (70% MOD, 30% Metal Tiger
[MRT:LON]) in early 2016 and had quickly defined a shallow copper/silver resource with
potential for a ~10 year open pittable mine. We believe that while this deposit provides
robust economics on a standalone basis, MOD is likely to make further discoveries on its
11,700km2
landholding in the underexplored Kalahari Copper Belt in Botswana. A

Substantial exploration program is underway to test several EM and copper-in-soil
anomalies along a prospective 150km long corridor. Exploration and further feasibility
studies are well funded with ~$14m cash in bank.

Overview

T3 deposit: A Scoping Study on the T3 deposit, released late-2016, defined a 10-year
operation processing 2Mtpa with 96.5% copper recoveries producing 22ktpa copper and
~665kozpa silver. Pre-production capex is estimated at US$135m with C1 cash costs of
US$1.29/lb. A PFS is currently underway, due for release in the December Q 2017. First
production is slated for H1 2020.

This is not Boseto or Khoemacau: T3 is different to the Boseto and Khoemacau (Cupric
Canyon, unlisted) deposits along strike to the east in the Kalahari Copper Belt. These
deposits occur along the steeply dipping limbs of folded strata with deep transitional
zones from surface. Contrastingly, T3 is interpreted to be on the axis of an antiform
(dome) with wider, shallow dipping mineralisation. A calcrete cap has protected
mineralisation from oxidation, resulting in fresh sulphides close to surface.
More of an exploration story:

MOD has budgeted $10m for exploration over the next 12
months and currently has 6-7 rigs drilling at the project. The Company is chasing analogous
domal features to T3 and has up to 19 EM and soil anomalies in its crosshairs.

A number
of targeted prospects contain historic copper intercepts, offering a high probability of
further economic discoveries. We believe T1 alone could host up to 5-10Mt of
mineralisation. In addition to regional exploration, T3 itself is likely to grow.

The current
70 diamond drillhole program is testing the potential for underlying stacked veins along
with down-dip and along strike extensions to the current planned open pit mineralisation.
Previous drilling has hit parallel zones at depth with intercepts of 12m @ 1.2% Cu and 6m
@ 1.4% Cu.

Recommendation
Argonaut assigns a SPEC BUY recommendation. Although MOD is trading near our target
price of $0.07/sh, we see upside potential from exploration success from the current
drilling program

contd
forest4032
Posts: 5,719
Off Topic
Opinion:Strong Buy
Price:2.20
MTR the place to be
Today 11:31
Best Undeveloped Projects ~~~~~~~MOD RESOURCES

http://docs.wixstatic.com/ugd/a5d095_494




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