Nicky I am a holder of both mtr and mod, the reality is that you cant back out what the aim market is attributing to what, mtr has positions in some very flaky mining companies and is associated with some pump and dump merchants like pj, I view mtr as its holding in Botwana ( which is not 30pct of everything owned by mod ) with small valuation for the other stuff and then discounted for connecting with p+d merchants, the thing that is not in question is the value of the copper assets ...
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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