Buckland,
SP would need to fall about
15% to 3 cents (or under) for the options not to be "in the money".
Even if the heads fell to 2.9 cents today the options would still have a value albeit small, probably 0.001, but I would buy a truckload as the risk/return would be too good to ignore.
Given first pour and interest in shares is great cannot see that happening (although nothing surprises me in this market).
Buckland,SP would need to fall about 15% to 3 cents (or under)...
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