consolodation of shares

After the consolodation the share price will be very large for a speculative stock I think. Even if the share price goes to 20c on the old money that will mean $4 on the new.

Surely there will have to be a share split after the option exercise period has elapsed to make the shares effectively tradeable.

Does anyone have any view about the geologist's report. To me it appears to add little to that which we knew but hen I am no scientist.