Interesting developments... FNC may be the vehicle to play this, as there is little doubt there is more NI somewhere in this large VMS structure, and this reduces risk and dilution, allowing FNC to focus elsewhere. FNC gets an initial $300K in cash or Bold shares at their discretion, and then Bold can deliver either $700K in cash or shares at their option to meet the second payment. What am i missing? Where is the other $500K of the $1.5M?

"Bold has the option to earn up to a 50% interest in the FNC ROF Property by making option payments totalling $1.5 million and expending $8 million over a three-year period from the execution of a memorandum of understanding or other necessary agreements with local First Nation groups to proceed with exploration of the FNC ROF Property. In the first year, Bold will be required to pay $300,000 and expend $2 million on exploration of the FNC ROF Property. Bold has the right to elect to earn a further 10% interest in the FNC ROF Property by delivering a positive feasibility study and making a further $700,000 option payment. Once Bold has earned either a 50% interest or a 60% interest in the FNC ROF Property, the parties will form a joint venture for further exploration and development of the FNC ROF Property. The first option payment can be settled in common shares of Bold (based upon the market price at the time of issuance) at the election of Fancamp. The remaining option payments can be settled in common shares of Bold (based upon the market price at the time of issuance) at the election of the Company."