Re: MD&A-SEDAR
in response to
by
posted on
Nov 27, 2015 09:50AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
It appears that 150,000 options expiring in December, that are priced at $1.25, will not be exercised. That will reduce the fully diluted number a bit. There are 1.9 million priced at .88 that are set to expire in May of 2016. Hopefully our share price will be above that so that it would make sense for people to exercise those options and put some cash into the company coffers.
I apologize for the formatting below. I copied it from SEDAR but it didn't paste here in the same format.
18,786,667 $ 4,600,337 $ 0.40 2.68 12,899,44