Ann: Drill Rig Mobilised for Phase 2 Program at Morrissey Hill, page-18

The exercise price has been struck, so you can exercise anytime you like,
but if you do today, you are losing four tenths of one cent (share price is at .006 cents)
for each option you exercise.
Or you can allow them to expire, in which case you lose your buying the options cash.

If it were me in that situation, I have a feeling (I get lots of those and love them),that RR1
will climb back to around .012 cents again.

So I would wait as I hate loosing money.

WORST CASE SCENARIO bankrupt by Christmas.
BEST CASE SCENARIO one dollar a share by Christmas.