I assume you all saw this RNS from MTR issued in London on 12th...

I assume you all saw this RNS from MTR issued in London on 12th August in the afternoon:

MOD Resources Investment Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an update with regard the Company's investment in MOD Resources (ASX:MOD).

Highlights:


-- Metal Tiger currently holds 67,833,333 MOD shares valued at present at
A$3,256,000 (circa GBP1,930,000) at today's ASX closing price of A$0.048;

-- Metal Tiger also holds 29,166,666 warrants with an exercise price of
A$0.01 (expiry 1.5.18) and 1,541,667 warrants with an exercise price
of $A0.06 (expiry 15.4.19);

-- Metal Tiger's paper margin at present on in-the-money warrants amounts
to A$1,108,333 (approximately GBP657,000);

-- The total value of Metal Tiger's equity holdings in MOD, together with
the paper margin on warrants is approximately GBP2,587,000 against an
original total acquisition cost of circa GBP313,000;

-- Metal Tiger's is therefore currently showing a paper gain of
GBP2,274,000 on its investment, representing a return of circa 625% to
date;

-- Metal Tiger also holds a 30% interest in 14 licences in the Kalahari
Copper Belt in Botswana, in Joint Venture with MOD Resources;

-- The Joint Venture is currently in an active exploration phase in
Botswana with assay results and general exploration updates now being
provided to market on a regular basis;

-- The project activities include resource drilling to enable the
quantification of a maiden resource at the T3 project in the near term.

Paul Johnson Chief Executive Officer of Metal Tiger commented: "We are pleased to confirm the valuation uplift in our holding in MOD Resources. The uplift in MOD Resources' share price has been achieved through market recognition of the significant copper/silver discovery in Botswana announced earlier this year and the substantial flow of positive exploration data that has been published to the market thereafter.

The smooth operations now underway are delivering a regular feed of exploration data to market and Metal Tiger is grateful to MOD resources for their exceptional effort in building a ground operations team so expeditiously following the initial discovery.

The increasing valuation of MOD Resources adds considerably to the value of the Company's equity and warrant portfolio and has materially increased the working capital of Metal Tiger.

More importantly however, Metal Tiger's 30% direct interest in the 14 licence portfolio where the T3 discovery was made, is an increasingly valuable part of our business and we look forward to further progress as the Joint Venture builds its activities in Botswana.

We anticipate further market updates in respect of Botswanan exploration progress in the near term."