re: Ann: EVG commences construction on Las La... This might help
http://www.blobek.com/black-scholes.html
It would seem using the above site the options would need a 60% volatility (thats extreme volatility)for them to be worth getting at 2 cents (around twice current value to take into account 2 for 1 split)
I used a strike of .15, sp of .09 expiration 800 days to expiration, interest rate (opportunity cost) 5%
the oppies seem over priced where they are currently based on black-sholes but the elephant is that gold equities are inherantly volatile and that doesnt take into account the endogenous situation pertinant to EVG of historicly higher prices, capaeability of management , other projects on the back burner.
On the envelope I got with the Envirogold proxyform it had a different zip on it for the return address ( a zip of Vic 8060 )compared with 4th page of envirogold notice of general meeting letter that has VIC 3001 as in return address .
Can you check you had the same discrepancy please.
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