Member Info for bonker99

Let's try that again:

Unless something changes.

"Funny" things can happen at times/prices like these - both MOD and MTR are currently rooted to their paper value with no upside priced in again (just like 1.8p before the drive to 3.4p).

MOD are now on the LSE main exchange and capable of, well, pretty much anything if the right parties are interested and they seem to think they are. Quite who and what type of entity(s) get involved with MOD in London is of keen interest to me now, particularly as it was Barclays of London who ponied up the $Big cash to transform Cupric Canyon from a relatively modest Copper resource into a 400mt @ 1% player right next door to us.

JJvR (MOD project lead) was supposed to be moving to London for two years around about now also.

Let's see what turns up but in the meantime I'll become very interested if something should happen to kick off at c1.6p anytime soon ;)

Unless ...

Mining delays are par for the course mate as anyone knows - those 2022/2023 dates you've mentioned are just as likely to be 2025+. Some of the new ones are already slipping.

Yes - a nice two-year window for MOD to be scooping out the low hanging 2%+ Copper fruit from the T3 pit whilst those other guys get their sh*t together with the Copper price wtf knows where during that time period - it's why the PFS IRR is so high at upper 30s - front-loaded.

"As far as the Company is aware, there have been no cases in recent years of the Minister
refusing the granting of a Mining Licence which has been compliant with the provisions of the
MMA."

http://www.mining.com/web/chiles-codelco-copper-production-falls-3-year-year-jan-sept-2018/

Quite how people play it ahead of the official and incontrovertible value being realised - DFS - is neither here nor there really :)

Anyway, GL getting MOD/MTR to take your money at the current pre-DFS valuations ;)

MCAP.

Nice million :)

PS: G20 tomorrow - Trump is at it again right now lol

The reason it's here - now - and the reason it won't be within driving distance of here in the Spring is because of the likely mcap of MOD post-DFS mate.

If you can't value MOD's likely minimum mcap on DFS from a c$400m NPV @ $3 Copper asset then you're blind but it's not rocket science to work it out and neither is the reason they're going for $65m of funding (think production capex via debt/equity split ...).

Back to 2s here when the DFS comes in - assuming it comes in at anything like the PFS numbers (it *may* beat those of course) and that Copper doesn't collapse in the interim period.

Already done the future thing mate - on 2nd November and again today ;)

So, T20 assays tonight then? lol

MOD's mcap at the Spring DFS and our share of that mcap is all.

Four months down, four months back up again.

Wotevs ;)

;) ;)

Just another pro sock puppet mate - there is no "lee" or any of the others lol - you've just gotta read em ;)

Onwards and upwards ;)

Job done imo peeps.

Squeeze ;)

Well that made a lot of sense.