I read the news as $16 mill. $10 mill for their 25%, plus $6 mill for the back in rights for the other 75%. It is also "all or nothing", as the whole deal has to come together, or nothing happens. Also it is based on EAG accepting the deal. If they hold out for more, and win, it will incremently increase Noront's take.

Until EAG accepts, it is all theoretical, which explains the hesitation in share price. It does, though, add a years worth of spending ability to the coffers if it flies.

Best

K