Ex-Yank
GFA have 3 years to drill 150,000mtres before they get the chance to PAY for half the current exclusion zone's NPV at the time. Which now would be a fair whack but I will wait for the PFS to see the effect on NPV.
The 150,000m entitles them to 51% in the regional areas of JV.
I hope this helps.
Ann: Trading Halt , page-10
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