In answer to your question. EXT got 51% by spending $400k over 18 months on the project.
So lets see, WAGE (aka KAL) got the exploration licence for next to nothing (sorry dont know what the exploration fees are), get EXT to spend $400k drilling the area, get the results from EXT drilling programme, and then get EXT to buy the remaining 49% off them for the equivilent of say $66.7M.
Nice deal for KAL dont you think.
In answer to your question. EXT got 51% by spending $400k over...
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