fantastic options opportunity

Hi All,

Oppies are now trading and there may be some good bucks to be made on these.

There doesn't currently seem to be many sellers and for god reason imo. As DrewMichael mentioned earlier, someone who clearly must be stuck for cash sold 30k at 7c this morning! IMO, thats one of the most remarkable trades I have seen in years!

What needs to be noted here is the Silverwood project and its potential. This SP could potentially go to the dollars quite easily as there is only 40 million shares on issue. A SP of $1 would only make the MC $37M...quite astonishing.

Considering the massive upside to this project, it could go close to that on speculation alone. I thought I would outline potential option prices in line with SP rises.

"IF" SP goes to:
$0.45, then option SHOULD be trading around 20c

SP $0.55, OPTION $0.30

SP $0.65, OPTION $0.40

SP $0.80, OPTION $0.55

IMO, all of these scenarios are quite likely in the next couple of months. With the current option price at $0.12, there could be some serious money to be made. At the moment, i'd be happy to pay a premium up to about $0.18 - $0.20, but not surprisingly, there seems to be very few willing to give these babies up!

Best of luck, IMO we will be 20-30% higher than current levels by the end of the month/early next month...Drilling is getting closer with an expected June start up date.

T-JAM