I don't mind if Byron has a little grumble - he has proved...

I don't mind if Byron has a little grumble - he has proved himself a staunch member of the Alpaca Army over many years, including years of lean.

Maybe ask how many million ICGs he owns. I don't know but my hunch is he owns a lot.

As far as oppies are concerned the next few months will be interesting - to convert a million oppies at 9c will cost 90,000 dollars. That commitment is going to weigh heavily on some holders - and many may take a defensive position with some. Military strategists know that a defence in depth is safer than having all the troops on one line, I see an analogy here.
For example with OBs selling at 5c and possible delays in Peru, and East Northern Territory a long term project, the heads could fall back to 12/13 c. for a while. That means applying the 5c from the sale of an oppie to the cost of the head the holder gets the head for 7c rather than conversion at 9c.

Just a thought, and it is a defensive strategy. Oh, and don't worry, all the oppies will be converted, and the Company will have the cash. That will be noticed by NT and Qld Governments as plans are made to turn the East Tennant Creek and East Arunta Provences into the next hot space.

DYOR.