I should have added; IMO!!
Yes, the options don't follow the share price, it is just that being a spreadsheet nut, and to approximate returns for a given SP, I used that simplified range to extrapolate the options price.... very simplified!
I kinda wish I didn't post it, but was hoping for more responses than I got!
Certainly, if, before Nov 30, the sp reaches 4.5c, I would expect the options to be closely pegged, ie $0.005. SP = 5c, then options at 1c.....hence from 4.5c to 5c, pretty much pegged from there on.
If however it managed to reach 4c by end of July, with work being carried out on both projects (3D being shot over Seychelles, and JV likes results of La Bella 3D, targets determined and drill date set....), the options are likely to run ahead..... all IMO.
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