Well #1 is that we aren't paying for it the jv partner is. Yet if anything turns up we'll own 1/2.

If Noront can't find or prove up deposits on wholely owned property then letting someone else pay to find deposits we'll own 50% of is a heck of a good way to cut down the burn rate.

Of course in the real world you find that Noront is one of the few players in the ROF with the kind of money in the bank required to support the kind of ongoing drill program.