Trust me mate the larger investors do not worry about pips,...

Trust me mate the larger investors do not worry about pips, it'll likely move up and down at 100% intervals 3 or 4 times before options begin to be executed, if you are not buying at these prices you'll never buy. I said it 2 months ago that anything under 20c is considered a steal, I have been vindicated. That said, I believe that GRL will one day produce given the cheap OPEX. And it'll basically cost ~$100m to get this thing happening. I've got my eye on the end prize yet I have the benefit of experience on my side, my advice for all the youngsters ... here is a great medium/long term opportunity - hedged in all manners.

Go Bucks!!
Peace.

NL.