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Re: fordgonracn post# 86

Wednesday, 01/30/2008 11:48:01 AM

Wednesday, January 30, 2008 11:48:01 AM

Post# of 10175
Actually it is 180 days per the release. Does anybody here have an estimate on the inception-to-date project costs? The exercise price is 2 times this amount. TIA and GLTA.

AngloGold now has 180 days to determine whether or not it will choose to exercise its one time back-in right to acquire a 51% interest in the El Chanate project, for a purchase price equal to two times the total project costs, as defined in the agreement, since 2001.