WCN 7.14% 1.5¢ white cliff minerals limited

WCNOE options, page-13

  1. 210 Posts.
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    Assume you have $10,000 which you want to invest in Whitecliff Minerals and are looking to hold for at least 3 years because you see great potential in the company. You have two choices to invest your money:
    1. buy the heads at 2c, or
    2. buy the options at 1.1c, exercisable by 28th Feb 2024 at 1.5c.

    You’ve set yourself a sell target of 20c within the next 3 years.
    • $10,000 @ 2c per share buys you 500,000 shares
    • $10,000 @ 1.1c per option buys you 909,090 options

    Now let’s see the profit comparison between investing in the heads vs the options.


    WCN - HEADSWCNOE - OPTIONS
    1Initial investment$10,000$10,000
    2Units purchased500,000 @ 2c909,090 @ 1.1c
    3Cost to exercise options @ 1.5c/option$0.00 (not applicable)$13,636
    4Total cost$10,000$23,636
    5Sell @ $0.20$100,000$181,818
    6Profit$90,000$158,182
    7



    Given the 2024 expiry and the great potential here, the options are a no brainer. I'm more than happy to take the risk.


 
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1.5¢
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1.5¢ 1.5¢ 1.5¢ $64.82K 4.331M

Buyers (Bids)

No. Vol. Price($)
25 7264566 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 1220609 3
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