Ann: T3 Pre-Feasibility Study - Robust, Long Life Copper Mine, page-24

Its clear that the next step is to consolidate the MTR shareholding so that MOD have 100% of all the assets and MTR have a larger shareholding, it will make things operationally more efficinent and the drilling can focus on the best locations rather than have some claims 70/30 and some 100%. Market cap will also be higher as the whole project is in one place, should be a win / win for both MOD and MTR, the only issue is what are the non MTR holdings valued at relative to T3, I own both stocks so neutral on how they work it out but makes sense to clean things up ....