WTM has an option to earn a 55% interest in the West Timmins Gold Project by completing $1,000,000 in exploration expenditures and making cash and share payments over a 4-year period ending in June 2010. WTM can earn a further 15% by presenting a 43-101-compliant resource report within two years of vesting their 55% interest and making additional cash and share payments.
Yes, I misunderstood the technicalities of the agreement, but still by any standards ,LSG better get busy if they want to retain their position in this hot property.