Yep. In the near term the options will be 20 cents less than the heads. Don't know what the heads will be though. If there are good grades of Li (1.3% and above) and 10 metre plus intersections then I would expect the heads to head up to 50/60 cents. Not all the holes are going to be good, as this is a preliminary exploration drilling to give a broad look at what is underground. The next round of drilling will focus on the sweet spots to establish a resorce, and should be more consistent with better grades.
cheers
saltbus
PS spoke to soon about the buyers outnumbering the sellers by 6 times, by the time I finished posting the relationship had changed. At close of trade the Buys outnumber Sells by 4.3 times. Pretty good.
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