Replies to post #1546 on Gunnison Copper Corp (GCUMF)

[Revello]

I think the option exercise price can't be less than the closing price on the TSX on the day the options are granted, but I'm not really sure due to the complexity of the 2017 Executive Compensation plan (see link to that doc from SEDAR: https://www.sedar.com/GetFile.do?lang=EN&docClass=30&issuerNo=00025928&issuerType=03&projectNo=02773880&docId=4322838) and the new 2018 Security-Based Compensation Plan that was approved (proxy vote) in June 2018 (see MD&A at SEDAR Link: https://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00025928&issuerType=03&projectNo=02783272&docId=4336783).

I provided a quick synopsis of the 2018-approved Security-Based Compensation Plan in an earlier, June 15, 2018 post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141581911

[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