Took this post from another site:

Newmont does have back-in rights as follows:
They can back-in for 51% by expending 200% of the monies that Evolving Gold has expended
They can back-in for an additional 19% by expending 150% more, than Evolving Gold had expended.
In other words, they can take back 70% max. of the Carlin property, and I assume they still retain their 3-5% royalty on a sliding scale.
That is pretty standard back-in terms, so that could leave us with 30% of the project, fairly well advanced. We would however lose control of the project to Newmont, whose timetable may be much different than ours might be.
I believe EVG has spent $3.5 million so far. If they spend another $1.5 million before Newmont exercises their options then this would mean Newmount would spend $25 million to gain 70% (using these assumptions).

So, for me, the question is does Newmont just sit and wait for EVG to spend all their money doing the drilling and then waltz in and basically take back Carlin? Does EVG stand to lose the property and most of the profits? I do not know the % of royalties that EVG will keep. I hope that some of you here could give your opinions on the matter as it would sting if EVG lost the property(or the big majority) after making the discovery...I don't see how this loss of 70% of Carlin can help the share price.