The negative in the announcement was the small sections (9m...

The negative in the announcement was the small sections (9m being the highest). This makes a good grade even more important due to the lower quantity, in contrast PLS had 40-60m sections with a 1.25% grade. As many have pointed out there is a very high possibility of there being more around than they know but the market reacted with the information it had, hence the dump.

I dont fully understand why big players would want the options not be exercised, sure there would be dilution but they will need to issue a capital raise, be it selling off assets or issuing more shares/options. Why would the latter be more appealing than the former? I am seriously asking.