mb century rig #7 arrives on site at ooraminna, page-17

heads at 10c options at 5c
heads at 20c options at 10c
and so on, due to there long expiry date.

the beauty about the options is you can double the amount of shares you can buy, bigger exposure, if you cant afford to buy the amount of heads you want.

you will get some fluctuations as heads continue to rise and volume dries out on the options.

eventually the options will sort themselves out for instance:

options exp. 2014 long way away, hope camdenbob is still around then :}
lets say in 2 years the heads are $2.10c that's 30 times your money, $10.000 investment in the heads would become $300.000.
the options would be $2.10c minus exercise price of 16c = 1.94c minus any uncertainty's and how close to expiry, lets say 1.70c.
$10.000 in the options at 3.5c will become $500.000.

at $8.00 heads = $1.1 mill
at $7.00 options= $2 mill

you can always sell some options to convert the heads if you don't have the cash.

that's my reasoning, i could and very well may be wrong so i look forward to being corrected.
so being able to buy them at half price will not exist once they go well passed there 16c exercise price, that's just my OPINION nothing more, they seem like a bargain at the mo.


igster, just my OPINION again.
thx.

im no professional far from it.