exercise price, page-4

RRSOA closed at 5.9c....
RRS 17c...
Breakeven point on RRSOA is exactly a 9 bagger on the heads...
The Heads have to rise 9 times, for you to be breakeven on your options...
And thats before you make a higher return for the bigger risk you are taking on...its called super normal profits..
RRS aint even worth $10 on a full discovery...
Steve,
what happens if theres a discovery of a much smaller field?
RRSOA would be finished and heads would still hold up....
Bet you didnot think of that one...
Also, Range will be around in 3 years...
they spin enough storys, and will most likely have a new direction then...
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17c * 9 = $1.53
5.9c *9 + $1 = $1.531
Its that simple...