large t3er?, page-29

an option [and C@ has an exclusive option] is an enforceable contract and if you are 'in the money' you exercise it for the strike price ..in this case C@ paid consideration for that option and then spent quite a bit to do the DD ..thus it is an asset...fortunately for us shareholders they happened upon coal showing [tar?] in Overhongoi and stuck in a drill to find 60M of the good stuff- as for taking time .all projects have their twists and turns ..if you believe in the people [ME] then you stick with it ..if you are a DT you take your licks as and when you get them ...underpants ? who wears them these dayz??