It may be late and I may be tired but the way I read the terms of agreemnet, EAG will earn 100% interest in windfall if they complete the "Final Compensation Payment" (FCP) and a BFS. Noront would then have the option of accepting a 2% NSR or paying the pro rata costs to go into production for a 25% interest.

Further the FCP was required only on Dec 31, 2012. Then they have 3 years to complete the BFS. Why would they pay the FCP before it was due?

So according to the terms of agreement they have until Dec 31, 2015 to do the BFS?

Anyone?

SN