oppies have a vale ascribed, page-8

Bottom line is that fpo needs to get to 16c or so within 22 months time for it worth buying oppoes at current .7c (if you can actually get any at that price). Oppies exercise is now 14c. 16c would mean oppies equal 2c, a 200% gain. However if you bought fpo at 6c now you'd get a similar gain with much less risk. After 16c it gets wildly profitable. At 20c, gain of oppies is 750%.

20c would mean (assuming 200mill shares after next cap raising) a marketcap of $40mill. Not insurmountable if the business plan goes right from here but it would have to be very successful quickly. 22 months is not alot of time to grow awareness and marketshare that will start to reflect on the share price.

I think the oppies are a pretty good risk/reward play but personally I'd be waiting for outcome of next placement first. If it's poorly handled again the oppies will be history.