Nice to see all the options and performance rights in 1 spot. Most of the 200 million performance rights are based on achieving a JORC compliant MRE of 2 million ounces grading at least 1.0 gpt. Mgmt has 2 years left to earn the rights. So mgmt will put everything they have into the upcoming drill program to reach that goal. Only need another 600,000 ounces to hit 2 million. The 335 million options are exercisable at 5 cents. Mgmt might be able to pull this one off too if they can come up with a good bankable FS that pushes the share price to well over 5 cents. To exercise the 335 million options, management would have to pony up $16.75 million. Nice for the treasury. Let's hope management can pull it off.
KAI Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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