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Short Term Trading Week Starting: Tues 3rd Apr, page-188

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    STTCOMP MOD, FA LONG
    MOD RESOURCES LTD
    Share price: $0.045
    MC: 97M
    SOI: 2.15B
    Cash: $10M @ 31/12/17

    Just raised $18M to further exploration

    MOD’s flagship project is the 70%-owned* T3 copper project in Botswana, which was discovered in March 2016. The 28Mt maiden resource at T3 came within six months of the discovery hole and a scoping study was released shortly afterwards. MOD has completed a PFS for a robust, long life open pit mine at T3 (announced 31/1/18)

    Board & Management own 16%

    • World average grade 2016 0.62% Cu*
    • MOD is filling a void in the market-place for quality copper development projects
    • Declines particularly acute in Chile (produced ~38% of world’s mined copper)

    MOD raises $18 Million to Turbo Charge Growth
    • MOD has received firm commitments to raise $12 million in an oversubscribed share placement to institutions and sophisticated investors (before costs)
    • The Placement will be followed by a fully underwritten rights issue to raise $6.3 million to existing shareholders on the same terms

    News regarding the CR
    http://www.proactiveinvestors.com.a...ln-for-copper-project-in-botswana-192641.html

    News regarding MOD being extremely undervalued

    http://www.proactiveinvestors.com.a...ts-based-on-pre-feasibility-study-194192.html
 
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