1)1.4 million in cash to TGR for the JV 50/50 sharing. 2)All cost is paid by ECR until obtaining mining license/ feasibility report. The drilling is managed by ECR. 3)43-101 will be submitted after the drill result. 4)This site has historical data see TGR website under Esperanza Project (renamed to Itogon). 5)TGR only has 10 million outstanding shares, tightly held. 6)No dilution required through this JV, maintaining share value for all current share holders. Check it out! GLTA!