as we (still) are awaiting what we are anticipating will be good drilling results, we stop and consider the value options between shares and options.
based on trading values of 2.3 and 0.9, i have come to the following conclusion:
IF (as big or small as an "if" as you want it to be) the sp goes to 4.5c, then my presumption will be that the options could trade at a minimum of 1.8c.
In this example, the sp would have risen 2.2c or 95.6% and the options 0.9c (100%).
So, if the sp does go above 4.5c, then the options are likely to be the better investment.
I notice that the sp has now gone to 2.4c - which may change the sp calculation % up a little, but if I'd done it this morning, then the sp calculation % would have been a little lower.
mitis, if you're concerned about the possible expiry of the options, you're welcome to send me an email, and we can discuss further.
[email protected]
GPN
greater pacific gold limited
