The company has 200 million shares at presents and 200 million...

The company has 200 million shares at presents and 200 million options, and after the placement they will have an additional 350 million shares. and you would assume if the news were good and the price run, the options would be in the money and some or all will be exercised.

we would then have 650 million shares in total, at say 4 cents a share, this will be a 26 million dollar market cap company. with lots of cash.

1.5 million in the bank at present+ 6m from option conversions+ the proceed of placement.

so if they do a placement at say 1.5 cents. then you get an extra around 5 million so total cash will be 12.5 million dollars.

so an EV of 26-12.5= 13.5 million

So to get to say 4 cents will all the proposed dilution we really need a good project . nothing second grade will work in our favor. other wise the share price won't run as we holders would hope.

I hold option and waiting for the news.

Thought any one? anyone want to shed some lights on the directors and their relationship to PXR ???