RE: k613Actually it's 75% if they fund the project all the way through production. They had a similar deal with Anglo American previously also, for half the total cash infusion. The cost of exploring the North is astronomical and for juniors to do it for so many years as GBK they either get deals with majors that reduces considerably their % stakes and risk or go at it alone and risk loosing it all like Canadian Royalties. KNP is a other example of a junior that needed the financial support of a major mining company.