The loyalty options expires 3 years after vesting date. There's...

The loyalty options expires 3 years after vesting date. There's a good chance at least a PFS would be complete by then. And obviously if it turns out being uneconomical, then everything else doesn't really matter lol. But 3 months ain't long for some free options, and the drill campaign is built on previous drilling campaigns by BPL. Shouldn't take more than a couple of years before we get to PFS.

By my calculations, 330K$ for remunerations, 1M$ for exploration and evaluation per quarter, means that the 9M$ cash will be all burnt in 2 years. Plenty of time to get to at least PFS. If it's economical, options are worth something, if not, forget about the options, your holdings are worth zero.

We'll find out how much the diamond drills are costing us per quarter in May.