yes. higher risk normally. but when you have 100% off-take, lowest quartile producer (potential), fully funded for capex, improved NPV on the way, and the options are at their lowest possible price with 18mths to run.
IMHO - there is no downside UNLESS you believe it is a complete fail, that the 3 mths of SLC DD was rubbish, engineering n construction consultants were negligent, and this project never gets up.
the fact that SLC did all that (with cost to them), paid up the corp costs for June/July, spending $$ with lawyers to get the JVC done...they are balls-deep.
I've previously declared my conversion from heads to options. I hold enough of both. GLTAH. peace.
yes. higher risk normally. but when you have 100% off-take,...
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