Land ownership Please comment on the following:
"On publishing a resource(California project), Galway will be required to pay the property vendors approximately 1.5 % of the in situ value of th measured and indicated resource in order to earn 80%. At a gold price of $1650 / oz, an intial resource of 1.0 M oz would require Galway to pay the property vendores approximately $25 M. of which 50% would be paid in cash and 50% in shares."
A significant dilution of share value??