RE: Fully diluted? peruchocanuck,
You are correct with the options and warrants. ===> But the terms have since changed since the Share consolidation....
From the news release: link: https://www.us-silver.com/News-and-Events/News-Releases/News-Release-Details/2012/US-Silver-Announces-Effective-Date-of-Consolidation-as-January-30-20121128064/default.aspx
"The Corporation’s listed warrants to purchase Common Shares (“Warrants”) will continue to be traded on the TSX under the symbol “USA.WT” following the Consolidation. There are currently approximately 10.77 million Warrants issued and outstanding. Following the Consolidation, each five (5) Warrants will entitle its holder to purchase one post-consolidation Common Share at an aggregate exercise price of
per post-consolidation Common Share at any time until . If all outstanding Warrants are exercised, an aggregate of approximately 2.15 million post-consolidation Common Shares will be issued. In accordance with the terms of the Warrant indenture, notice of the Consolidation has been sent to all holders of Warrants."
I could not find the new options terms, but I believe it works the same way... ie. You would need (5) Options to purchase shares of US Silver at the stated price of the option...
I hope that helps.