My immediate thought was exactly the same Ty, these ‘probably’...

My immediate thought was exactly the same Ty, these ‘probably’ aren’t going anywhere until at least after the AGM, which ‘probably’ means:

1)no mining licence
2)no native title agreement ann
3)no offtake deal/processing agreement

Last year they gave what at the time would account for 6% of the company, at essentially in the money conversion prices to:

Phil- 20 million options (hardly begrudge him these considering he was the saviour at the time)
Frank- 10 million options
Bruce- 10 million options

So the other 2 are getting their turn this year, at least at 60% premium this time.