GMD 0.48% $2.08 genesis minerals limited

re: Ann: Canadian Major to Earn Back into Las... how exactly...

  1. pvb
    286 Posts.
    re: Ann: Canadian Major to Earn Back into Las... how exactly does this work- they can earn 60% of the project for spending $1.2m.... so after GMD spending $1.1m on exploration so far in FY2012 (according to the quarterly report) we are left with a 40% stake?
 
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