Good point.

Your post made me go back and look at the options and warrants in the Q3 report, as the total fully diluted shares at the eventual time of settlement/award will impact the value per share.

While our current FD is 417.96 million, 28.7 million are warrants tied to the permit and priced at $3 or higher and over 6.5 million are options that appear very likely to expire worthless as some are too high priced and some will expire too soon.

This leaves us with just under 383 million likely FD at that future time by my guesstimate (plus future management grants, and your results may vary based on assumptions used).