Ann: Sale of Lynas Find Lithium-Gold Project, page-82

The CR options are specifically detailed separately to the Vendor opt's in the ann. Further, they specifically refer to them as MPJO. An option series is an option series and has its own trading code if listed.

MPJO is traded publicly and we know what the strike on them is. Suggests to me a couple of things;

1. They reckon they don't need to offer TOO MUCH of a dangling carrot to get the full placement. AND/OR
2. they reckon MPJO might be worth just a little more than 0.001 before Jun '16.

What would the soph's care? They get these free and provided they can offload them for anything, it's free money.

300M placement means 100M MPJO extra. @ 0.001 = $100,000 TOTAL. Not exactly big money to a soph., especially if split between a few of them. But nevertheless, not an insignificant amount to be sniffed at either.