re: Ann: DMN: Geophysical Comparison of Mt Ba... "Under the...

re: Ann: DMN: Geophysical Comparison of Mt Ba... "Under the Terms of the joint venture agreement, URE must spend $300,000 within 3 months to evaluate the M12 target. URE can then earn a 70% interest in the project by a further spend of $2 million. After earning 70%, Oroya will be free carried with 30% to completion of a BFS and Decision to Mine."


$2.3mill = 70% :)