ASX Today, page-5293

I agree that if Ice #2 fails, the options will be effectively worthless because the SP will likely drop significantly in the short term, until a fallback (e.g. conventional) can be explored. This would likely NOT happen before the options expire - however this has always been the case. Nothing Dave said in the last few days has changed anything here.

I am not disagreeing with statements about the risk of the project - only your statement that "forming a 2-3 year program" has in any way affected the value of the options as I don't believe this is the case.

I'm seeing $3,500 worth of options traded today and option price holding at $0.028.