Here's the calculation:
Share Price VWAP @ $0.0147 (1.47c)
Price for calculation is 85% of VWAP so $0.0125 (1.25c)
Performance Shares Calculation on issuing an Ind Res:
No Shares to be Issued = Class B Performance Shares/85% of VWAP NMR Share Price = 1,500,000/0.0125 = 120,000,000
No Typo.
The lower the price the better. @ 1.4c it equates to a cool $1.68 million paper dollars for someone.
Ann: Indicated Resource at Takatokwane , page-6
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