Yeah I thought that was the case I was just wondering what the incentive would be to convert your options into shares if they are in the money. Obviously it will help the company fund further expansion but I would assume many investors would not exercise it due to having to come up with the cash.
Back on Cluff....If the oppies do get over the line AND many get exercised then I can see the heads making big movement from there as we will have the cash to produce and fund further exploration.
CFR Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held