present differential of 2.3 cents from fpo to the options is fair value with a STABLE market price - perhaps slightly overpriced.
However, with a rising market price, the options are EXTREMELY CHEAP.
With great potential price increases following due announcements such as gold drilling results at Peak Hill, closure oversubscribed of YRR, and revelation of their future strategies, the entry into the options gives much better leverage. At gpn price of 3.5/3.6c, anything under 1.5c for the options is a bargain imo.
GPN
greater pacific gold limited
