re: Ann: Canadian Major to Earn Back into Las... So in effect, GMD picked up (an unexplored) Las Openas for a commitment to spend $500k over a couple of years.
In return they are getting back $1.2m and 40% of a better explored tenement that a major finds interesting.
So NO, they won't be needing any money soon.
Ann: Canadian Major to Earn Back into Las Openas , page-6
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