RE:RE:RE:Sean Boyd on BNN yesterdayAs I understand the original agreement between AEM and Aura outlines the following during the first three years of the agreement signed May 31, 2014, Agnico Eagle has the exclusive right to earn an undivided 51% ownership interest in the Property, by making $250,000 in cash payments to the Company and incurring $1,750,000 in work expenditures (or, in respect of work expenditures, at Agnico Eagle's option, by making cash payments to the Company or a combination of work expenditures and cash payments). It would appear the magic date is May 31, 2017 to complete the 1st phase of this agreement. Assuming AEM completes phase one by the end of May then the second phase comes into play. ***Upon completion of earning a 51% interest, Agnico Eagle will have the option to increase its ownership interest in the Property to 70% over a further three year period by: (A) either (i) solely financing a Feasibility Study in respect of the Property, or (ii) solely incurring $5,000,000 of additional work expenditures (or, at Agnico Eagle's option, providing cash payments to the Company in an equivalent amount or a combination of work expenditures and cash payments) on or in respect of the Property, and (B) providing to the Company cash option payments of (i) $100,000 with the delivery of the notice as to its exercise of this option, and (ii) $150,000 at the first anniversary of exercise of the option. If any party's interest in the project falls below 10% then that party will forfeit their 10% interest and in return will receive a 2% NSR royalty. The other party may at any time purchase one-half of the NSR royalty, namely a 1% NSR royalty, for an amount of $2,000,000.