Re: options and money
in response to
by
posted on
Jan 02, 2013 02:08PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
But doesn't the individual need to personally have the money to exercise (buy) the option? Exercising an option is worthwhile if the share price is a lot higher than your option price because if you don't have the money you probably can qualify for a loan to buy it because you will be making a profit, but if the share price is lower than option price you would be better to buy on the open market because its less expensive. Do you have to buy full quantity of optioned shares or can you purchase partial quantity?