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MOD now on hunt for T3 development capital

COPPER contender MOD Resources is seeking funding of about A$250 million to develop the T3 project in Botswana, with the planned operation modelled to have a pre-tax NPV of over $500 million and an IRR of 33%.

Michael Quinn
The core issue now for MOD is finding funding for T3

The core issue now for MOD is finding funding for T3

Those numbers are generated using a long term copper price of US$3.08 per pound and an 8% discount rate. MOD said it had received "written, formal expressions of interest from many global, top-tier...

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