Now only 6c off exercise price. Options valued at 71.5c
Options 50% vesting after 12 months and 50% vesting after 24 months.
So if a director with 100,000 options exercises 50% of his options after 12 months and the share price is 2.00 he stands to profit by $25,000. SP-EP X 50,000.
Note that 3 of the directors own no shares in ORE yet they are given free options.
