QOL queensland ores limited

will the options expire in november

  1. 8,839 Posts.
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    Expiry date is 30 Nov 2008 with a strike of 35c.

    So that's about 8 months or by my quick calc 260 days to go. A lot can happen in that timeframe?

    What COULD happen in the interim?

    In approximate chronological order and based on my opinion ONLY:

    1. Mt Cannindah resource upgrade - by the end of March (and a great time to be in copper, gold and silver);
    2. Capital raising - private placement or rights issue - pre June 30;
    3. Wolfram Camp completed ON TIME and BUDGET and first ore processed and shipped;
    4. Step our drilling at Wolfram Camp expands mine life by several years.....this seems a no brainer.
    5. Decision to increase mine throughput;
    6. High dollar value JV on Mt Cannindah - a mid cap steps in to finance rapid development and a deep drilling program at MC and on regional targets....my opinion (and wish) only!
    7. Mt Bamford exploration.

    Also, let's not forget the CITIC Off take agreement - 1 year plus a 3 year option (at QOL's option)......

    My guess come November 30 - the options will be well in the money - and yes i hold options!!

    What are your thoughts?
 
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