RE:RE:RE:RE:RE:RE:Buyout after Mining LicenseThere seem to be a couple of extremely important phrases tha could limit the percentage.
".....will only be incurred under and pursuant to programs prepared by the Operator and approved by the technical committee set out in the Agreement" This is controlled by Balkan Gold.
"....the Company has provided Temas with the irrevocable right and option to EARN up to a 50%..."
"....until such time as Temas has exercised the Option and EARNED its 50%"
All I am suggesting is that Balkan gold has not necessarily given away 50% of the large project. As the remain operator, they choose the programs that provide Temas the opportunity to EARN?