canning drilling

How significant is the following with respect to current drilling and the Anzon takeover? "Ratio Reset mechanism in the event of ARC exploration
success during the process" The only chance of material drilling success between now and merger closing date is the current Canning effort, including Stokes Bay.

There were other reasons for urgency in getting the drilling moving along, but I beleive that this is a significant one. What is the fine print in the agreement? While Arc refer to Pictor and Stokes as appraisal, how are they covered in the bid proposal. My guess is that they qualify, and could significantly improve the leverage on the deal. Eric S is no mug, and not only wants to see what's in SB, but would like to see at least one other well under his belt quick smart.