By Stornoway's estimates, its less than $25 million.
But with a mine life that will exceed 20 years, no one is going to care (and nor should they).
Do you know how much profit Adina/Renard is likely to pull in over a 20 year period? Many, many billions.
So $25 million, to be paid out in more than 20 years-time, is less than a round error.
Ann: Exclusive option to Acquire Renard Project, page-497
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