nice accumulation, page-16

re: options Wingingit, Yellowman is probably correct in saying that the options exercise will be reduced should GPN float their vanadium/ uranium assets into YRR again.
The reduction in the exercise price will be affected by at least 2 factors:
1) the percentage of ownership that GPN retains. GPN may not be willing to give up to 85% away as they did at the first attempt. if they retain a bigger percentage of these assets, then the reduction in exercise price will be less than 0.8 of a cent.
2) the value of the vanadium/ uranium resource. If they think the resource value of the vanadium & uranium that is possibly floated into YRR, is more than they thought before, then the reduction in exercise price may be higher.
so, the value of the options should not be discounted. GPn will probably retain some interest in the vanadium and uranium even if they float.
Should the shares go to say 7cents - a 400% increase, the options should go to say 5 cents a 1600% increase.
I say, have some money each way.