I wouldn't read too much into the issuance of options to the drillers. It's a good marketing initiative but doesn't really provide an outlook for the outcome of the drills.
Why?
Because you don't know what portion of the contract (cash payment) was waived in exchange for these oppies.
We're talking about 300m x 3 holes which is 900m worth of diamond drilling. Let's assume $300 per m (higher end of DD costs), that's $270k.
How much of the assumed $270k was forgone for the options being issued? We don't know. If we did, we would be able to draw a conclusion on the prospectivity of the drills. It just looks like a marketing initiative to me to support what was a weak SP with substantial selling (which never looks good while drilling is underway).
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