prospectus in draft... just off the printers, page-4

That makes sense PT. 30M shares in Zinc Co on offer with 150 M issued share in GIR. So it is likely to be 1 Zinc Co shares for every 6 GIR held.

What I don't understand is why there has been so much discussion with ASIC regarding minimum holding to qualify. When UTO was listed there was a minimum holding of 2,000 shares. If GIR want to increase this to 10 or 20K, what is so different with the structure of the Zinc Co IPO which requires GIR to get ASIC's approval?

Do you know if GIR will be distributing the bulk of their shares in specie to qualifying shareholders? If so, it will be worth holding GIR until they do. It took them 6 months to distribute UTO shares.