Interesting, page-355

Hey Leigh,

I'm sure there are people that are better qualified than me to answer that. Based on what we see with peers in this space, I'm hoping for around $100MC coming into trials and then blue sky upon partnering or being taken over by one of the majors and even more blue sky upon commercialisation.

I had millions of the IBXOs and sold them for a bit of a loss as I though they'd be dumped once the IBXOAs came online; so far they are holding firm still at .005c but I personally prefer the IBXOAs as they have a strike price of 3c compared to 5c and still have 3 years to run whereas the exercise date on the IBXOs is around 18 months from now. You can't really go wrong with either though should things pan out the way we hope they will.