The more I think about this deal the more I think MTR have done very very well. The deal is just for the T3 project and not the surrounding T3 dome. MTR still maintain their 30% ownership of T3dome, T20, T4etc - in fact, by virtue of their 20% ownership of MOD now they will own a further 14% of these assets (20% x 70%) - giving them effective 44% ownership of these exploration assets (and they pick up a share of T1 and MODs cash balance)....
I think they know there’s much more value to come from these exploration tenements and giving away some of T3 for higher ownership of these tenements is a smart play.
MOD Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
