okcyou don't have to convert the options until 2013, you can...

okc

you don't have to convert the options until 2013, you can sell them anytime, and if the heads moved to say 1 cent, you would expect the DMNOC to move to .5 cent or more, when I say more it might be say .6 cent due to the fact that you don't have to outlay as much money by buying heads.

if the heads were 1 cent and DMNOC lagged to .3 cent, then I would convert by paying .5 cent and then sell heads for 1 cent

so it all depends on how the heads perform over the next 2 years,

rare earths are pretty hot, if they did find something it could be a real winner