The 60 million that must be spent on exploration is our anti-mothball clause. That is a juniors dream to have that large of exploration budget. We can surely increase the value with additional drilling. Only 85 million was spent in the previous years - so 70% more money will yield more certaincy and value for the whole project.

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"I thought they had to make the production decision to proceed past 20 million? "

QUESTION: Did you not read the NR, or are you on purpose mixing apples and oranges?

Terms of the Agreement: