VALOB options are now trading in-line with the heads - given the...

VALOB options are now trading in-line with the heads - given the 1.5c strike price, a spread of 2.2c for the heads vs 0.7c for the OB's is on-par with the usual trading pattern for options.

IMO, we won't have much in time value added to the options as the expiry date is so near, but with the increased leverage offered we could easily see the 1.5c spread reduce to 1.4-1.3c in the next week or two, as the heads run further and buyer sentiment continues to strengthen.

Macro's for the Uranium sector (as well as Cu/Ag) are still looking primed and we're likely to see further breakouts in the weeks ahead based on the seasonality of uranium purchasing at this time of the year. Another $1B of physical Ur being purchased by Sprott in the short-term will almost certainly result in prices increasing also.

Throw in a positive price-sensitive announcement such as the pending Silver/Copper assays from Peru and we could see this really take off!

DYOR of course, but everything that I'm seeing here with Valor - whilst acknowledging that this is still very much a high risk/reward scenario as we need to further prove the assets in-ground - is pointing in the right direction for some decent gains over the months ahead.

As George says, "Right Places, Right Time, Right Commodities"!