I think it's worth factoring in the issue of liquidity as...

I think it's worth factoring in the issue of liquidity as well, and the fact we have underwriters with large parcels of these options and who have zero intention of holding. I'm personally waiting for the oppies to go lower, it'll
be very difficult to sell these on market after purchasing them so I'll need a pretty good price to make it worth it. I did grab a few at 10c, but I've got the bulk of my orders closer to 5c. Given the track record of this company (ie delays, going over budget etc), my investment in the options will only represent a very small percentage of my over all top up. If there's a delay or some other unforeseeable event, the oppies will go to zero whilst the heads may remain fairly safe.