Ann: Quarterly Activities Report, page-11

I have a theory... we all do.. and one is as good as the next...

Very few options on issue... 160m from memory and were issued free as part of last CR.

They can't get any cheaper than 0.1 and many holders probably sold them at below value simply to get a few bucks..

Still with 18 months to run.. if TL gets NIU cranking anytime soon.. 6 fold increase in through-put and hopefully production.. creating profits and free cash-flow...

Added to that.. big exploration targets to be drilled shortly.. always a chance they hit something in what is unquestionably elephant country..

Just a sniff.. and NIU head back to 1c easy.. so clearly there's bags potential in the shares.. and for the options.. starting at 0.1 - extreme leverage for those with the stomach..

Having said that.. the (rewards) pot at the end of the rainbow will be something to behold..

Interesting play...

Dyor..