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Can somebody explain term sheet item c? Dont MCT own liker 35%...

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    Can somebody explain term sheet item c?
    Dont MCT own liker 35% of NME? 35% of $5m = $1.75m
    ...plus the $1.xm they didnt contribute for exploration... so MCT gain 29% of the project for ... call it $3 mill? Is that correct? Is that a good deal?
 
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