Another question when comparing the options is:
What events are scheduled over the life of the option? Are there any stimulation demonstrations at depth, or flow tests, or well constructions, or power demonstrations?
GRK have an upcoming granite stimulation to demonstrate reservoir potential and flow rates at medium depths. If the market interprets these results bullishly, then GRKOA are where I would (and did) put my money, over GRK. With a whiff of BHP rumour in the air, any half-decent results may be cause for shareholder celebration.
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