placement at 7c -1 for 2 options How rediculous options...

placement at 7c -1 for 2 options How rediculous options exerciseable @ 8.75c.

Sydney - Tuesday - February 7: (RWE Aust Business News) - NuStar
Mining Corp Ltd (ASX:NMC) will place 99 million shares to a London-based
institutional investor, raising approximately $7m.
The placement is at 7c a shares and has one option for every two
shares issued.
The options are exercisable at 8.75c and have a 20-month term.
Proceeds will primarily be used to accelerate down dip reserve
expansion drilling at Paulsens and step up regional exploration.
NuStar shares were up 0.3c to 7.1c.