With the right sequence of events unfolding - licences granted, preliminary exploration undertaken, trenching samples, geos on the ground, additonal buying pressure from AJ and other professional investors the S/P 25c or more early next year would mean 30M 25c options are in the money.
That would mean potentially $7.5M flowing to the company without the need for a capital raising.
I'm sure BB has this scenario in the back of his mind when he presents to sophisticated and professional investors in the near future and understand the importance of working with a sense of urgency.
The presentation gives me the impression of a company in a hurry.
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