Juzzy, no, I hadn't taken the options into my calcs.When I first...

Juzzy, no, I hadn't taken the options into my calcs.
When I first noticed the size of them I had to clean my monitor. Next time I'll learn to keep my coffee in the microwave.
I initially thought they would be out of the money so that's that. But with first pour scheduled for next month, and positive cash flows by the end of the year I had another look.

We have no idea how many will be exercised, but if we assume that they all will be, the result would be a 27% reduction in the share price.
However, in that scenario $45m is plonked onto the bottom line. and how that amount is deployed can limit the dilution of share price. Startin to get interesting.

Many happy returns