Sodiman it comes down to your view regarding the future price of...

Sodiman it comes down to your view regarding the future price of LCY.

When LCY price is 33.0c, then the value of the LCYO option is about 10c. Pay 5.0c now & that means if you subtract 22.29c option exercise, you double your money.

If LCY price goes to 38.0 cents, deduct the 22.29cents leaving you with 15 cents & you have tripled your money.

At 43.0c the LCYO will provide a quasrupling of your money.

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LCYOB, same sort of calculations. when LCY is 33.0c, the deduct the 10.0cents exercise & your net gain is 23.0 cents. Current purchase @ 11.5c & at 33.0, it provides a doubling of your money; at 43.0c for LCY, then LCYOB will provide a tripling of your money.

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LCYOA being a 15c exercise price can be calculated as above. at 33c for LCY, decuct 15.0c = 18c. Current price for LCYOA is 8.5c. So, when LCY is 33.0, then LCYOA will be about 18c & that's more than a doubling of your money.

When LCY = 43c, decuct 15c & gain = 28c. 28c div 8.5c = 3.29 times.
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All of this is approximate due to the supply & demand at any particular moment.

With LCY proving up its resource with more drilling we are assessing its' value well above current prices & thus are estimating a significant price gain. Many of us have bought or are buying the options to achieve a much greater gain. We can buy a lot more units which will attract the same gain in price of LCY.

LCY now 20.5c; we're estimating gains of between 10c & 30c per unit & we may be underestimating the development of this company. The NMDC offer for a 50% share may involve a number of propositions for the spending on proving the resource in each of the Legacy projects; & on upgrading of infrastructure. We'll have an initial price rise, lots of selling & then the institutional investment for the long haul, such as occured with FMG & AGO.