VAN 0.00% 4.7¢ vango mining limited

In addition, Billabong (Superior) was awarded buy-in on...

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    In addition, Billabong (Superior) was awarded buy-in on tenements beyond K2.

    Further, the funds involved in these buy-ins are NOT money paid to Vango, as @kori claims above. Instead, the funds are spent to advance the project. E.g., Billabong can spend the required $3 million on capex renovating roads or otherwise preparing K2 for mining, and Billabong will thereby satisfy the buy-in, earning the 50% interest.


 
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