Ann: Godolphin Farm-in on Advanced Rare Earth Element Project, page-7

If I read this correctly, total cost.
We are issuing 15,200,000 success shares to be put into ESCROW at say 0.13c each = $1 976 000 on the date of signing. ( The in principal price of earn in today)

These banked shares are to be issued in 2 x $1 000 000 tranches at a future share price on key milestones being met.
Milestone 1 = $1 million Release of shares
Milestone 2 = $1 million Release of shares
Note that the share price should be substantially north of where it is today if we get the right result, thus the cost in dilution could be less than today with the shares in ESCROW

We have to spend a total of $$3 000 000 in drilling to gain a 75% share in the project.
Additionally we have to pay in shares a value of $2 000 000 in shares at future prices.

Total cost for 75% ownership is $5 000 000

What is the value of these RARE EARTH resources, I have no idea but assume they are very valuable.

I hope that my understanding is correct, if not please assist with your version
RED