mt isa metals ipo prospectus out now nc, page-24

I'd get those checks in IMO. I've been told it is already oversubscribed with significant institutional interest. They will use the DGR entitlements to get the spread requirements but the rest will go to longer term institutional holders IMO.

The word is that after a closer look at the phosphate tenements that there is a high chance of higher grade zones and increased tonnage. Getting a drilling rig is not confirmed though I expect its a matter of time before a resource upgrade.

I'm not going to start a POZ vs MET argument but they both have comparable resources with similar variable grades, low strip ratios and upside in tonnage. Ex-WMC management are a big vote of confidence for the prospectivity of MET's projects and differentiates this from DGR or other junior floats.

I look for management and resource quality and this has it both IMO. I just hope I can get enough on the float and in the first week as this will be great long term buy IMO!