Wednesday, November 07, 2018 11:34:01 PM
If I have done my calculations right (black-scholes) it should be around cad 1.83 for a call option
Risk-free interest rate 2.09%
Expected life of options 5.0 years
Annualized volatility 121.0 %
Dividend yield 0%
From their last financial statement
I added the options price to the strike considering they got them for "free", no idea if this accurate
Note that Close to 8 million of options are currentlydeep ITM with a December 31 2018 expiration date
I have 100% absolutely no problem with them receiving these options,theyhave taken us from a PEA to fully financed (non dilutive at that) for stage one in less time than it takes for other juniors to get to a FS
Risk-free interest rate 2.09%
Expected life of options 5.0 years
Annualized volatility 121.0 %
Dividend yield 0%
From their last financial statement
I added the options price to the strike considering they got them for "free", no idea if this accurate
Note that Close to 8 million of options are currentlydeep ITM with a December 31 2018 expiration date
I have 100% absolutely no problem with them receiving these options,theyhave taken us from a PEA to fully financed (non dilutive at that) for stage one in less time than it takes for other juniors to get to a FS
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