New to the industry, um no. I have seen plenty of other similar deals happen, Midway Gold and Barick on Spring Valley for one. Here are several recent ones. Also, most of these deals include a MINIMUM amount to be spent within X years unlike the LKAI deal. Im not saying its a bad deal, just not one to jump and and down about. http://www.goldenarrowresources.com/s/NewsReleases.asp?ReportID=420313&_Type=News-Releases&_Title=Golden-Arrow-Options-Two-Projects-to-Vale http://www.millrockresources.com/news/millrock-enters-option-to-joint-venture-agreement-and-plans-drilling-on-the-alaska-peninsula-copper-gold-project-alaska/ http://www.rivres.com/index.php/projects/strategic-alliances/antofagasta-nw-mexico http://www.rivres.com/index.php/projects/strategic-alliances/hochschild-alliance