They were only approximate, but are about right...
For valuation purposes, assume options are converted to shares and funds in bank.
It goes like this...
Shares:
Current: 129,618,328
Placement: 18,000,000
Total: 147,618,328
Options:
Current listed: 36,189,207 (15c)
Current unlisted: 2,350,000 (22c)
Total: 38,539,207
Once the options are converted, there will be a total of 186,211,535 shares on issue.
The current placement has just raised $3,240,000, the converted options will add another $5,945,381 and assuming $2,000,000 cash on hand, less the $1,300,000 final payment to Abelle, we end up with $9,885,381 cash at hand.
Nnote... I havn't allowed for additional funds from current gold sales, nor have I allowed for current exploration costs.
Hope this helps.
Cheers!
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