direct comparision - major rerate coming, page-39

yup TTC is a gem on this thread.

the exact numbers are 114,615,794 FPOs and 22,994,208 options at ex price of $0.05.

since the oppies are in the money and are to be exercised by 31 dec 2010.

to further address the issue of any potential CR on the back of this announcement, will look at these

calculating from the figures shown in previous qtrly, PEK at the end of the qtr ending sept 2010:

1. PEK would have ~2.44 million cash on hand (at the end of sept)

2. PEK is expected to spend 750k in the coming qtr (sept - dec).

3. plus from now till the end of the year, PEK should be receiving the full amount from the conversion of all those oppies amounting to $1.15mil.

4. and from what Lef mentioned earlier about Mark and co not aiming to dilute the registry until a JORC is confirmed (early next year)

by end of the year PEK will have 2.44+1.15-0.75 = $2.84million

i reckon with that amount, PEK can have plenty to drill at Ngualla's hard rocks as well as beginning begin works at Geita as well as 3 rivers.

it's safe to say that no sp will continue to re rate, without further dilution in the near future.