Ann: Strong Maiden RC Results Mineralisation over 400m at Gimlet, page-34

Yep - your annualised volatility could be argued there - but with the heads price down at 0.019 you are still going to come out with a pretty low value. I usually hold both heads and options in a stock - sometimes playing between them as one gets "out of whack" with the other. My options holding is usually there to trade out on any spike - I've rarely ever got to conversion.

Presently FAU is just a wait. 

I'd expect the earlier poster who mentioned shares and oppies coming out of escrow on Dec 15th might have been on the ball here.