RE: The life changing opportunity ...29 Jul 2018 23:26
No, I think/know they'll dump as much news as they can - it's only going to help with the vote as it's in everyone's interests and a bagged+ SP by then will smooth any choppy waters for sure :)
Of course they have interest in T3 but whilst MTR 100% won't be involved in any production costs etc, MOD may very well choose to take it to production, along with any further satellite Copper discovery feeds during this campaign, if majors decide to try and play hard ball in terms of a valuation to take it off their/our hands.
MOD will have no problems finding production funding for T3 alone on the pre-60mt resource upgrade Expansion Case financial metrics, none whatsoever but those numbers are very likely to improve dramatically again on further discoveries being made and I wouldn't blame them at all for sticking two fingers up to Rio/FQM et al if they insist on taking the p*ss :)
I don't think they will continue to lowball offers btw, I think MOD will sell it because the offer will be too good to turn down and a major will quite possibly bundle it (T3 Dome Complex) in with Cupric Canyon up the road for a really sizeable and cheap Copper play in a great mining jurisdiction. It makes perfect sense but they're going to have to come up with a seriously attractive offer because everyone can see where Copper is heading over the next 3-10 years and how profitable these resources are likely to be when mined ...