okc
you don't have to convert the options until 2013, you can sell them anytime, and if the heads moved to say 1 cent, you would expect the DMNOC to move to .5 cent or more, when I say more it might be say .6 cent due to the fact that you don't have to outlay as much money by buying heads.
if the heads were 1 cent and DMNOC lagged to .3 cent, then I would convert by paying .5 cent and then sell heads for 1 cent
so it all depends on how the heads perform over the next 2 years,
rare earths are pretty hot, if they did find something it could be a real winner
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okcyou don't have to convert the options until 2013, you can...
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