@MrStrengths
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Totally agree. Options are back to an absolute steal of a price and I see them as presenting more value than the heads right now.
Currently at 1.3 cents, heads are at 5 cents.
Say we announce a JV partner, funding, offtake agreement or other extremely positive news, and the SP heads back to say 8 cents (imo if we announce funding, we will go much higher but lets just be conservative)
Heads at 8 cents is a 60 percent gain from current SP of 5 cents. So a $10,000 investment will be worth $16,000.
Options should move in line with the heads (during our recent run they were trading at a premium but again for arguments sake, lets say they run in line). The ODs will be trading at around 3 cents which is a 130% gain from current prices. So a $10,000 investment will be worth $23,000.
Ann: Positive PFS Results for Razorback Iron Ore Project, page-719
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