28c to convert, they expire OCT 24.
By then, we shouldn’t be far off actual production (which will mean funding etc is all squared away).
Of course they are risky, but If the SP is north of 50c before then, the pay off is massive.
As an FYI, I’ve bought as low as 2c and my average is somewhere in the 3’s.
Cheyne
Chairman Interview, page-47
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