Hi MateAs per page 4 of Coy...

Hi Mate

As per page 4 of Coy presentation:

http://www.hotcopper.com.au/asx_announcements.asp?id=290312


The DMNOA 1,190 Mill exp May 2013 1 cent

DMNOC 2,420 Mill exp March 2013 0.5 Cents

The DMNOC is definately the better bet, costs half to convert.

I personally got the DMNOC, do not hold any heads, as IMO this will be worth 3 or 4 cents after assay results from future drilling. (thats 40 times the option price, and I can get 3 to 4 times the options than heads now)

And if the results are crap then I lose .001C.

Share .003 or .004 crap result = .001C (lose .002 or.003 per head)

DMNC .001 (cannot be priced lower, so crap result is losing .001 per option)

But as IMO the multiple is so high with options, I would rather have the larger exposure.

I just got 4 mill options (very little amount), but that is my risk appetite for DMN. To each his own

4 mill X 4 cents = $160000 or 4 mill x .000 = 0 LOL