Paul would have to bend the rules a little, I think. (my emphasis)
6. At any time prior to December 31, 2018, Argonaut may exercise the option, provided that it has incurred minimal expenditures on the project of US$5,000,000 and made cash payments to Mexus equal to US$950,000.
Argonaut could easily give Mexus the $950K, but spending $5 Mil in 5 months? Remember the old Millionaire TV show? Spend a $million in a year to get another to keep?
Maybe fund an account for development with time requirements and controls...or sumpin.
Dino