still the cheapest stock on the asx, pe ratio of 3, page-21

Johnfa,

You wrote:

"Options expiring 16 March 2006 exercisable @ 5.408 cents each 9,245,562
put an extra 500,000 on the balance sheet in March 06..".

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Comment: You are quoting unlisted options and these are not relevant to the current buyer in this context.


There are about 107 mill listed options, to be exercised on 31 Jan. 2006.


Exercise price is 3 cents/option. (Current price: 1.5 cents) Share price: 4-4.1 cents.


Gerry
Holds options