'GMM' Have the option to purchase a 100% legal and beneficial interest in Mt Cattlin, at anytime during the three (3) year Operations Period, upon payment to Galaxy of
$30,000,000 (GST exclusive) less all production payments made to Galaxy up to the
date of exercise of the purchase option.
6. The transactions contemplated are subject to all necessary shareholder and regulatory
approvals.
*Why wouldn't Galaxy just mine it themselves rather than sell at such a loss? *
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GXY executes MtCattlin agreement, page-36
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