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Jazz6868

Not really an element of financial risk

If the deposit continues to deliver the goods, and for example the high grade reefs at Castor carry then naturally SOC would want to maintain its ownership and convert options to fund further drilling - same goes for AceA

If SOC wasn't to convert their options, there would be a reason for doing so (for example the deposit not meeting expectations) in which case they would not be concerned should AceA opt to convert and fund further drilling as they effectively get a free carry and second bite at the cherry