Metal Tiger (MTR LN) in partnership with MOD Resources (MOD AU) in a 30/70 JV has rapidly developed the T3 copper project on the Kalahari copper belt in Botswana. A Scoping Study was released in December 2016 having only discovered the deposit in March 2016. Our analysis suggests a post-tax NPV of US$170m on a 100% basis following initial capital of US$135m.
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Showing Its Claws
- Published:
14 Dec 2016 -
Author:
Oliver O’Donnell -
Pages:
31
Metal Tiger (MTR LN) in partnership with MOD Resources (MOD AU) in a 30/70 JV has rapidly developed the T3 copper project on the Kalahari copper belt in Botswana. A Scoping Study was released in December 2016 having only discovered the deposit in March 2016. Our analysis suggests a post-tax NPV of US$170m on a 100% basis following initial capital of US$135m.