Good summation. yep the only thing that will derail this is the...

Good summation. yep the only thing that will derail this is the vendor welching on the option contract. but given the $8m they will pocket plus the free carry, cannot see them welching.

if it turns out to be a porhpory, you are dead right 60c in a walk. moreover if its a porhpory.... BHP and RIO will want it and will have it....but then we are getting way ahead of ourselves. We would be talking $/share not c/share.