I'm suprised they are not already at 1.2 or 1.3 but anyway thats beside the point...
Lets assume good gas shows in the first formation.
Obviously that opens up a whole can of worms becasue we could then potentially assume more and mroe gas shows potentially as the drill goes deeper and deeper.
But lets assume good gas shows by early next week.
Share price maybe 13 - 14? Maybe higher?
Should potentially push the options to 1.5 + pretty quickly...
From there it's anyones guess....
GDN Price at posting:
10.5¢ Sentiment: ST Buy Disclosure: Held