Ann: Results of Meeting, page-43

You're absolutely right but there is still so long to run on the options and at today's price the main shares only need to be trading above 4.7c for the options to be in the money. I believe we will be above that by the end of the year and closer to 15c by the the end of next year. So even holding the oppies right up until expiry will give a far greater percentage gain than the heads. The only way to lose money buying the options today is if the SP did not reach 4.7c by 31st October next year and that is when we will be mining! Plus that would only be a $45 million MC, pretty crazy if we are still only at that level with binding offtakes, a constructed mine and a couple of months away from first ore sales.