royal falcon's maiden world class ore deposit , page-5

Solarfeen

I did say Royal Falcon "currently only holds 51% of the Swedish project"

As Publunchman's post shows, they actually only earn that 51% AFTER they spend $3 million ... so on paper, DRK own the whole 100% until then.

Then after spending $3mill, they get the OPPORTUNITY to get another 24%, but they will need to fork out another $3million. However Drake can decide not to, and instead elect to become an equal funding partner of 49% from then on.

So I take the view that essentially at this point, 51% of the project is locked into Royal Falcon's bank, and Drake have 49% ... anything else is part of a future extension to the deal.

DRK's share price is a joke, and proof that the market is extremely inefficient in determining the value of a stock ... often it is a popularity context.