start againif $10m was raised at 17 cents, CEO would have...

start again

if $10m was raised at 17 cents, CEO would have 735,919,649 shares & options on issue

the market cap at 17 cents is $125,106,340

but then CEO may only hold 75% of the project

we can't go saying the market cap is $125m and compare CEO to other companies when they only potentially hold 75% of the project, unlike AKM that holds 100% of their project

therefore dividing $125m by 75% obtains $167m

$167m is the comparative market cap if CEO held 10% of their project

regards