Briefly, the company has great management (including Julian Hanna) and are onto what looks, albeit at a very early stage, to potentially be a world class polymetallic discovery in Botswana.
As at 3rd May the share price is A$0.033c, with 1.1b shares on issue giving a market capitalization of approx. A$38m. They have debt of A$2m, cash of $A$2.5m and approx. 76m 1c May 2018 options listed as MODO.
Recent intersections include:
14m @ 1.97% Cu from 86m down hole depth, including 7m@ 2.9%Cu from 92m downhole depth MO-G-11R also intersected 5 zones of highly anomalous Pb/Zn over an 84m interval from 64m. Highest 1m Zn assays are: 3.43%, 2.07% & 1.07% Zn
MO-G-12R intersected 52m @ 2.0% Cu from 78m down hole depth, including 14m @ 3.4% Cu and 72.7g/t Ag from 116m.
MO-G-13R intersected 53m @ 1.1% Cu from 113m down hole depth, including 13m @1.49% Cu from 116m, firstname.lastname@example.org% Cu from 141m and email@example.com% Cu and 23.6 g/t Ag from 158m
MO-A-04R intersected 2m @ 6.12% Cu and 111g/t Ag from 101m down hole depth within a shear zone atT4.