GOLD to SILVER Ratio just hit 106-1, page-5

Not a silly question gomariusmith, There a 3 factors to consider if I can try and explain in my terms.
1. These things can expire and you can loose the lot! So for example you paid .003 for 100,000 this would cost $300. They have an exercise price of .015 so if the shares go up to say 4 cents you can exercise your option at 1.5 cents and they cost .003 of a cent so therefore your total cost is 1.8 cents or $1,800 and your are $2,200 in front.
2. You do not have to exercise these but you can at any time until expiry.
3. It would be in the companies best interest to perform by these dates as they are a great way to raise more capital.

N.B All dates and expiries are different so always pays to do your research first these are VERY risky but come with big rewards sometimes.

ARDOB is .015 Exprire and ARDOA is .05 cents (Longer time frame)

Anyway I hope it helps.