MPJ
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Think your maths is off The options have a 1c strike, therefore...

  1. vontrader
    23,832 Posts.
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    12/10/15
    23:56
    Post #: 16162547
    Think your maths is off

    The options have a 1c strike, therefore if the heads run to 3c then the options will be worth 2c

    From current prices, that would be a 6 fold gain on the heads from 0.5c and a 10 fold gain on the options from 0.2c

    The options are far better leverage in the event they strike and do a SIR style run. Any sniff of sulphides and the options will be 0.4-0.6c
    MPJ Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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