RE: Golden Goliath aquires new silver propertyCanalska has just announced a deal on their 100% owned Waterbury project. Here are the terms:
<"The Waterbury Project is near several known unconformity-type deposits. Two major fault systems associated with major uranium deposits underlie the project area.
Under the terms of the Agreement, CanAlaska will receive from Northwestern Mineral Ventures payment of C$150,000 and the issuance of 300,000 shares in stages, and Northwestern further commits to C$2 million in exploration expenditures on the claims in exchange for receiving an option to earn a 50% interest in the Project. CanAlaska will also receive a 3% net smelter royalty. Within 90 days of exercising its 50% option, Northwestern may elect to acquire an additional 10% interest by expending an additional $2 million on exploration within 2 years of vesting its 50% interest. Within 90 days of completing its commitments for a 60% interest, Northwestern may elect to acquire a further 15% ownership, for a total of 75%, by completing a feasibility study within 2 years, issuing to CanAlaska 200,000 additional common shares, and expending a minimum of C$500,000 per year on the Project.">
Now if Canalaska's cost of acquisition through staking was about $10,000 do readers think it was a good investment for them?