Ann: Share Purchase Plan Opens, page-4

Can try to help..The idea of an option is that you have an option to exercise it. It makes a lot of sense when the SP is higher than the strike price at the time of expiry.You might not be making as high an ROI on options, but you don't need to exercise them if you're not making a return.

It's like the cream on top and given it is free, with no added exposure.If things do not go as desired and the SP is only to $0.01 in June 2024, then you definitely won't exercise your options at 1.5c, given you can buy them cheaper in the market.BUT if our crew get going and by June 2024 the SP is sitting at $0.04... you can exercise your options at the strike price of 1.5c meaning you are buying an immediate return.

Your calcs around what is a better deal are not factoring in the essence of an option vs a share