Edison Investment Research - Mod Resources Ltd MOD Resources - Company de-risked and metrics improved

Report

Edison Investment Research

Ryan Long

MOD Resources - Company de-risked and metrics improved

The completion of the feasibility study (FS) on the T3 copper-silver deposit, located in Botswana, is an important de-risking event for MOD Resources. The metrics contained in the FS give us a higher level of confidence in our valuation as well as the NPV and IRR calculations completed by the company. With the FS now in hand, MOD Resources can advance its mining licence application and secure the finance required to move T3 into production.

16/04/2019 12 EN

Underlying

Mod Resources Ltd

MOD Resources is principally engaged in the exploration for copper and silver in Botswana and gold in New Zealand.

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AU000000MOD3 Pink OTC Markets Australia

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Ryan Long

Other Reports on these Companies

Edison Investment Research

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MOD Resources - Company de-risked and metrics improved

MOD Resources - Sandfire to acquire MOD

MOD Resources - Executive interview â€“ MOD Resources

Datatec - FY24 underlying EPS more than doubles y-o-y

Pan American Silver - La Arena divestment

SenSen Networks - Time to scale

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