ipo from gxy for gmm for mongolia, page-8

looks to me that you get more exposure to the lithium potential in Mongolia through GXY. GMM will be free carried in exploration to only 20% of the return. 80% will be returned to GXY holders, 98% if GMM don't fund their share of costs once exploration is finished.

So I would think unless you're into speculative exploration of iron ore, potash amongst a few things GMM are looking for in Australia, Kazakhstan and Monolgia then I would just stick with a less risky play in GXY and see how the IPO and listing in December goes.

That said, it's a speculative punt that might pay off... I have not looked into it further than a skim read. My gut feeling though is to be risk adverse.