Ann: Appendix 3Y - C Mackay, page-6

Yes me too, they are a great risk/reward for a few reasons.

1. long date till expiry, nearly 2 years.

2. low strike, only 2c, with the heads already at 1.6c they are almost "in the money"

3. ZEU market cap only $8m and with plenty of cash, so little downside risk.

For those not too familiar with options, they are riskier but provide great leverage. Please DYOR.

As an examle. if you have $20,000 to invest you could buy 1,250,000 ZEU at 1.6c or 4,000,000 ZEUO at 0.5c.

If we see some positive drill results and can hit $40m MC (5x), then ZEU will be 8c and ZEUO should trade at 6c+

1,250,000 ZEU x 8c = $100,000
4,000,000 ZEUO x 6c = $240,000

Same amount invested but $140,000 more profit from ZEUO investment.