of the company acording to the news release to aquire up to 70%..... Thanks for the cheap shares...LOL

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From nr:

Under the terms of the agreements Gold Fields can earn a 60-per-cent interest in the respective properties by making the payments and work commitments shown in the table over four years (all amounts are in U.S. dollars).

                   Cash payments    Work commitments  Richmond Summit         $290,000          $3,500,000 Dry Gulch               $190,000          $2,000,000 

After earning a 60-per-cent interest Gold Fields may earn an additional 10-per-cent interest in a property (bringing the total to a 70-per-cent interest) by making additional expenditures of $7.5-million at Richmond Summit and/or $5-million at Dry Gulch.