options?, page-3

Thanks leevardi. Here's a pic of my analysis of what CLRS may be worth, based on the presentation late last year.

DOn't know how to do attachments, so its just a pic of a s/sheet. But taking the data in that presentation at face value, CKK will be potentially be worth somewhere in the 0.3$/share to a $1/share (assuming $5m in revenue/region at the low end and $20m in revenue/region at the high end).

So, in my opinion its a great buy a 2c/2.5c/share, and doesn't have the same drain on funds as the drill. (Although I would still like to see them proceed with both).
Remember that's just my opinion - do your own research!