That would be $2,500 m / 396 m FD = $6.30 heads, and $6.18 for an option.
The question is, do you want to ride there with heads or ops ? Lets see, $10k buys you today at 6.5c = 154k heads, then worth at $6.30 = $970 k = 97 X $10k buys you today at 1.2c = 833k ops., then worth at $6.18 = $5,147 k = 514 X
Anyone want some option icing on their cake ? $10k could buy you a $1m or a $5m lottery ticket, and thanks, Santos is paying for the de-risking on their side of the fence.
If the market was aware of that prize, they would be buying a position for much more than todays entry bet.
BAS Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
