I think the GWR vend of RWG assets into EMT is a good example of an incubation model. GWR put the package together in a easily transact able shelf Company and vended this into a Company of which they had a significant interest. The management of EMT did a great job in using RWG to relist and as if this had not taken place the former CIZ would have been cactus and all existing shareholders would have lost out. EMT is now well funded and hopefully poised to deliver significant capital growth. GWR does appear to have a good track record in respect to an incubation model, look at Tungsten Mining NL (TGN) who have gone from a market cap of $1 or $2 million to currently $123 million !!!
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