Seems like a cheap enough acquisition overall.The acquisition...

Seems like a cheap enough acquisition overall.

The acquisition terms are for GBR to take an initial 12 month option at a cost of $50,000 in shares, with a minimum $250,000 exploration spend.

GBR then have a choice of exercising the option for $100,000 and both parties share exploration costs going forward, or

They can extend the option for a further 12 months at a cost of $100,000 in shares, with a minimum $400,000 exploration spend and no contribution from the vendor.

Doesn’t make a lot of sense why GBR would want to take the second choice of extending the option when you can exercise it for the same costs and get to share the exploration costs.