They’re worth $600k? I don’t understand why you would use and underlying price of circa .75c...
Either way, at this point any option valuation is essentially a theoretical exercise which is largely irrelevant. The reality is, this deal has managed to (effectively) clear the register of 2 disgruntled former major shareholders, who have recently served to mainly disrupt any progress. And instead we now have a board position filled by someone with the experience, contacts, and importantly motivation to finally develop an extremely valuable asset.
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Ann: Initial Director's Interest Notice, page-9
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