sting1, the options are a GREAT buy if the share price exceeds 1c.
you have to remember, that, if the shareprice jumps to say, 5c, your options can be converted into "real" shares - you will essentially pay 0.6c for a 5c share.
tell me again how you made a bad choice?
pending drilling results, of course... we may all end up out of pocket yet. fingers crossed for good results!