Excelsior Mining Corp (EXMGF)

[j1nxed]

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