Ann: Extension of Acquisition Settlement Terms, page-5

Great move by management. Drilling will see the options (BASOA) get in the money IMO anyway which will be an indirect cap raise in any case.

Shame they will only be drilling Bunian 5 however. Their most recent update mentioned both Bunian 5 and Tangai 5 drilling so i am hoping Tangai drilling comes back on the cards.

It doesn't seem like much will happen between now and drilling (apart from some new pumps/upgrades etc). But yes, I am also expecting some significant re-rating on this stock to occur at some point to at least $25-$30mil pre drill...