Hi Lakeside. My understanding is :

1- Option to earn 50%: cost to BOL is 1 500 000 $, payable 300 000 $ cash in year #1 and 1 200 000 $ in cash or shares, at the discretion of FNC (+ 8 000 000 $ expenditures : 2 000 000 $ in year #1; 6 000 000 $ in year #2-3)

2- Option to earn additional 10%: cost to BOL is 700 000 $ payable cash and/or shares in the election year, at the discretion of FNC (+ deliverance of positive FS)

By the way, I doubt that the expected 30MM$(as per Rago1) would come all from brokered PP. Perhaps a PP from a Major... or a Chineese Corp?

GLTA,

BaBe.