65 cent oppies, page-2

Just wondering the 11 million options that expire at 65.5c-What price do LionOre get them at if the price gets to 65.5c

I have been going through the news and can't find anything-all it says is "The unquoted options are exerciseable at 65.5c on or before Nov 20 2007" and under ISSUE PRICE AND CONSIDERATION "the options were issued for no consideration.

So does that mean that the 11 million shares will cost LionOre $7,205,000? That is the way I am reading it and if that is the case I don't think the price will get there. On the other hand if they get the 11 million at a discounted rate well then the price will get there QUICK smart.

LionOre are still a major shareholder and have been since 4 December 2003 when the shares and options were given to them.

I still hold as I am expecting these assay results to be released real SOON and be extremely positive.

So if anybody could let us know their understanding on the options it would be most appreciated.