...as per the response to the same post (by tbs001) on the Noront Forum :

" Should KWG not proceed to make the $2.2 million of expenditures by September 30, 2015, Bold has until March 2016 to make those expenditures or the balance of any unexpended portion of the $2.2 million in order to earn the first 50% interest in the property. Bold is Operator of the Koper Lake Project."

Cheers,

Luker

p.s. I have not purchased any FNC as of late as I am waay overbought with FNC (and Noront) as a percentage of my portfolio holdings , and I have been funneling any available funds into adding to my shares of TSX-V precious metals explorers that continue to be beaten down- specifically those which still have substantial monies in their kitty, and reasonably low burn rates (i.e. ATAC, KAM and KTN) ...and I am a silver stacker at heart (just wish the CDN dollar would cooperate with my plans!)