Boom Trader,
Thats exactly why i jumped in on the oppies. They provide greater leverage and with the 1 free option for each converted is perfect.
SHOULD the heads get to 5.7c, you can convert your options and end up with a free holding of options dated 2012. (2.7c pluc the 3c conversion)
If your not keen to increase youir holding, simply convert and sell the difference - plus you hold on to the one for one free option. Very big upside on the option IF the results are good. Higher risk but also much higher reward
1.7 million options available at 2.6 cents, page-19
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