It is basically zero if it falls through..
First IEL expected to be approved before year end. Upon IEL grant Phase 1 gives MYL 9 months for drilling and exploration ie, Ample time to identify significance for continuation.
On the odd chance nothing is found its a loss of 205K financed with existing cash reserves.. peanuts..
Ann: Interview - Option Secured over Gold Exploration Projects, page-11
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