The put options would have roughly cost the company A$1 million and expire Dec2012. IMO they're unnecessary, but it does give one piece of mind.
A few more points in the quarterly worth highlighting:
"The plan contemplates mining a total of 216,000 tonnes of ore from the mine?s Block D, and 129,000 tonnes of
ore from Block C."
= 345kt + 32kt remaining to be milled = 377kt of high grade ore at 18g/t = 224koz.
"A new result in underground hole, WDUD0212 was 1.5m @ 159g/t from 12.5m within Block C."
There does appear to be some of the high grade nuggety gold in Block C after all :)
The seller is weakening... sooner or later she'll start moving.
ann: 100koz for fy, page-19
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