Nickel Rose again..., page-139

Shane, you also don't seem to understand the difference between sulphide and laterite.
it's like in the iron ore industry, nobody would compare hematite to magnetite.
hematite is so much more valuable. Magnetite deposits are much bigger, can be billions of tonnes, but worth much less than smaller hematite deposits. Exactly the same for sulphite and laterite nickel.

it's just the way it is. Textbook stuff. Not sure why people get so upset.
I think RM is desperate to get the options in the money. There was a short fall in the cap raising so he really needs these options converted