GCU currently has outstanding shares of 118,032,397 Add Proceeds from exercise of 2012 warrants & options cash receipts
Jun 17th Warrants @ 42 cents 1,765,627 $ 741,563
Aug 31st Options @ 45 cents 40,000 18,000
Sept 23rd Warrants @ 45 cents 114,334 51,450
Sept 23rd Warrants @ 65 cents 3,148,461 2,046,500
Oct 12th Options @ $1.00 1,450,000 1,450,000
Oct 29th Warrants @ 1.25 3,135,000 3,918,750
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Additional shares and Cash rec.d from 2012 exercises 9,653,422 $ 8,226,263
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Total Diluted shares at end of 2012 127,685 819
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Total market Cap of 127,685,819 @ 1.09 is 139.2 mil
Less Future cash from exercise (8.2) mil
Net market Cap of 131.0 mil
Based on 4.0 mil equivalent Gold ounces = 32.75 per ounce of Gold in Ground.
Plus the most recent drill results were outside the original 43-101. There is an additional
0.5 mil warrants and 4.5 mil options outstanding but they are all exercisable in 2013 at prices
ranging from 2.45 to 3.50 and are therefore not dilutive