WCNOE options, page-13

Assume you have $10,000 which you want to invest in Whitecliff Minerals and are looking to hold for at least 3 years because you see great potential in the company. You have two choices to invest your money:

1. buy the heads at 2c, or
2. buy the options at 1.1c, exercisable by 28th Feb 2024 at 1.5c.

You’ve set yourself a sell target of 20c within the next 3 years.

• $10,000 @ 2c per share buys you 500,000 shares
• $10,000 @ 1.1c per option buys you 909,090 options

Now let’s see the profit comparison between investing in the heads vs the options.

		WCN - HEADS	WCNOE - OPTIONS
1	Initial investment	$10,000	$10,000
2	Units purchased	500,000 @ 2c	909,090 @ 1.1c
3	Cost to exercise options @ 1.5c/option	$0.00 (not applicable)	$13,636
4	Total cost	$10,000	$23,636
5	Sell @ $0.20	$100,000	$181,818
6	Profit	$90,000	$158,182
7

Given the 2024 expiry and the great potential here, the options are a no brainer. I'm more than happy to take the risk.