option comparisons

Has anyone got any sensible views on the 2 options categories outstanding.

The MNEOs have a 20c strike price and only 7 months to run, however any lift in the SP to more than 10c should see the Os rise to the 1c - 2c range imo. This gives quite a spectacular return on the 0.002 purchase price.

The MNEOBs however have a nice low strike of 5c but are more than 4 times more expensive at 0.013.

So to keep it simple $1k in the OBs would buy you 500 000 while $1k in the OBs would buy you 76,900.

The potential leverage here on decent drilling results (if, we have decent drilling results) speaks for itself. The first drilling in the Philippines disappointed the market so it is possible that our first assays from Chile may do the same which would of course make the leverage work against holders of the 2 option series this I undertsand as well.

Does anyone have any comments on which option series they would prefer. I am considering putting a small investment into the oppies and find they both have their attractions.

Thanks in advance.

EB