A little more from Metal Tiger's Shareholder Report articulating...

A little more from Metal Tiger's Shareholder Report articulating their investment strategy in MOD.
Botswana
During Summer 2015 we were approached to participate in a large Botswanan Copper/Silver opportunity. Following a review of project technical data, and recognising once again the quality of our potential joint venture partners (MOD Resources, ASX:MOD) we formulated and agreed a path forward together.
Following this an extended period of preparatory work, including due diligence, commenced. The exploration licences in question were held in the administration of Discovery Metals, who had entered Voluntary Administration in February 2015.
Subsequent approval of the acquisition by the Administrator meant we were able to announce the terms of the transaction to market on 10 November 2015. Furthermore after regulatory and related approvals in-country, the transaction was finally confirmed as announced on 16 December 2015.
Metal Tiger now has a 30% interest in the licences acquired and MOD Resources 70%.
The size, scale and potential of the licences acquired is significant, and in scale represents the largest acquisitive transaction undertaken by Metal Tiger to date.
The licences sit within the Kalahari Copper Belt which runs for circa 1,000km through Botswana and Namibia. Cupric Canyon holds licences in the northern portion of the system in Botswana, and has spent some circa $250million developing those interests to date. Mine development is planned and it is estimated a further $350million will be spent by Cupric Canyon to achieve this.
Cupric Canyon also hold the bottom portion of the system which is situated across the border in Namibia which means the MTR/MOD licences are strategically bookended in between the Cupric Canyon interests on the same system.
We believe that the likelihood of successful exploration across the MTR/MOD licences is high, initially because part of the new licence ground sits adjacent to MOD’s existing Mahumo deposit, where mine development is planned and where MOD have already secured a $1.8 million cash commitment to secure a 10% interest in the Mahumo mine.
We anticipate, based on MOD's previous spending of approximately USD$6m over three years generating data from adjacent areas and other related information, that the mineralisation will prove to be high grade copper and silver and the nature of the metallurgy is such that a high grade copper concentrate may be capable of production.
With all regulatory approvals now in place and licences transferred to the joint venture partners, work is expected to begin on the ground in January 2016.
The nature of the licences and inherent mineralisation means that work undertaken will progressively build value as we step out and formally demonstrate the extent of mineable mineralisation in our joint venture areas.
The importance of this asset is the potential to undertake profitable copper production, even with current suppressed global copper prices. If we assume a recovering forward price profile for copper, the strategic value of the newly acquired licences will increase accordingly.