PAK - Potential, page-4

So I've never really looked into how PAK is going to get from this phase to the next, but now that the CR is out of the way successfully I find myself quite interested.

This thread was started with very long term ideas in mind, but if I could reel us back to the next 12 months for a moment..

Am I looking at this right?

FEC report indicates that PAK, after the successful CR, has enough in the bank to see them through to Dec 17 including operating expenses and expenses of furthering the project on schedule.

Then, 62 million options are out there at 25c ea, which will, given at least a doubling of SP over the next 12 months, put another $15 million in the bank to see the next phase through.

Is this right? Am I missing anything?

Seems like this entire venture now rests on PAK's ability to go past 25c. I know what everyone -thinks- the SP should be but at the same time, 12 months can go pretty fast.

What would the fallback plan be? Offering new shares to sophs, at the expense of a much bigger dilution?Would someone take that up? I think yes.. too much smart money on this to let it wither and die.