Mick....it does not matter what price the options are or what price the heads are you still pay the 25c per share...eg if you have 1oo,ooo ctpoa you need to find $25,ooo but if the heads are say $1.00 by June 2010 the oppies should be well worth converting if they are trading anywhere below 70c....I have a bucket load and am happy to hold....still over 9 mths away so I consider them a bargain...hope this has helped...cheers K
