lion options cheap, page-4

yes exoil we've both got a nose for the good oil.


despite the allotment incident i'm big on LIO and their 5 well Gulf drill.


In Peter Strachan's StockAnalysis (17 Jan 2007) he's got it as a best buy with a short term target of 60 cents.

then a discovery at SM 138 would be worth an additional 68 cps to Lion,
and a discovery at SM 152 worth an additional 29 cps.


probability of success at SM138 is a relatively high 35%
probability of success at SM152 is 60% !!!!!!!! because of the existing gas discovery.



Lion offers the best leverage out of the 3 juniors, but the options are extra leveraged at 14 cents.






cheers