Hi defabstar,I must admit i was also very hesitant in the...

Hi defabstar,

I must admit i was also very hesitant in the beginning.

However, like you i have also done a "J Curve"on this one.

One of the comfort zones i have with these options, K. Wills has $38mln worth of good reasons to see the options converted by expiry date. The first drilling results only need to prove that they have a potential decent resource and grade, then it will be game on.

Given the amount of interest that this stock has generated already and should continue over the coming months, the option price at this level is fairly insignificant compared to the Risk/Reward factor of 9mths till expiry @ .10cents.

The other point that you made mention is of course FMG's further drill results and upgrade to the other border of FDL's tenement. I thought i read in FMG's September Activity Report that they will be releasing further results this month and early January.

As for the Dow Jones, anything could happen. Given lastnight there was nearly 400pts between its high and low for the day. I don't think it will play much of a part in FDL's shareprice at all. The momentum has been building and i think it will continue into the new year.

Cheers markco2