Lol. MTR have done pretty well with other investments and have more than enough to support their 30% of the bargain. Well cashed up at present and supporting MOD all the way.
MOD will find drilling T1 all on their lonesome ownsome a tad expensive so hope they manage their cashburn well.
Looks like the best deposits may well be in JV territory, especially the 140mm Structural Corridor from T3 to T20 and both partners need a bright new discovery to push the share price up and please us long suffering holders!
But good luck to both teams and all shareholders who've been backing this project, be it on MOD's side, MTR's side or both.
MOD Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held