Assuming this has factored 4 cents into each share prior to...

Assuming this has factored 4 cents into each share prior to going ex option, doesnt say much for the share price at 21c. If no option deal implied value is only about 17c.

Isnt drilling meant to commence toward end July, hopefully this will put a spark under the sp and make the options worth even more and then push sp more. Timing wise it makes good sense to tie the issue of option in with potentially good news on drilling. Could be interesting.

von.