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.
Yep. In the near term the options will be 20 cents less than the...
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