MTR's Quarterly Report - re MOD JV, page-26

Hi freeheel, thanks for your response. I found your post very informative but I understand your reasons for having it taken down. This post raises another set of interesting issues to do with the optionality MOD/MTR have in Botswana and how that should be properly valued. It is not necessarily a simple question and one I suspect preoccupying a number of companies with a potential interest in these assets. Although it is indeed early days, as you say the risks are skewed to the upside, and will remain the case if MOD can continue to produce similar exploration results.