No Geeenius you're not missing anything. If the Lindi full funding announcement was released tomorrow; those 18.5 options would be an absolute steal. Especially when you can almost buy two options for one head at today's prices. Leaving individuals with over 6 months to deal with the 15c option conversion scenario.
It all depends on which camp you are in. Will full funding drop soon or is it still some ways off. You wouldn't expect a mine and processing plant build to start if funding wasn't imminent. IMO. NLN.
Potential Upside of WKT - Expandable Graphite, page-531
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