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Ann: Drilling of Sasanof Primary Target This Weekend, page-45

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  1. 2,680 Posts.
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    big if, there's plenty of options and if it's a duster they may require more funding soon., heads will be .3-.4 cents and options will be 5+ bags out of the money. options are currently overvalued due to the upside potential. have a look at something like sbr/ sbro. heads at 0.5, options convert at 0.8 and they are lined up on the sale side at 0.1. obviously a shorter lead time but similar theory.

    none of this will matter because the boys are drilling into a company making resource as we speak but yeah, don't expect to be able to cash out in the event of a poor result.
 
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