Ann: Cerro de Chaga-1 (Panizza) Spuds, page-157

I only hold oppies
Iam backing in this drilling program, from the data already obtained its a fair punt. A decent result on well 2 alone should sail past 10c come Novemeber next year the decision to convert will be decide for us, either the SP will be over 30c or under 2c. If i need to convert i will find the money somewhere im sure!
If a TO happens before conversion i will get the TO price minus 4c.
But everyone is different, just having a ticket for what could unfold over the coming weeks is the main thing