Still early days for those IOCG targets in the NT. The one advantage MDI will have over other smaller players is what they state below. So they can be more agile & aggressive with their exploration strategy. I don't think it will be so easy raising capital in the coming years for the other players.
IMO, the market has fcked up big time with the valuation of MDI and some serious money can be made if you are prepared to go long.
FM3
firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-345
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