re: Ann: Update - Victorian Coldry Project an... on the contrary.
The only thing that will make this go up is genuine funding in place for at least a year.
The only thing that will make the options worthwhile is the SP going up.
Said it before - if they had $5m in the bank and the Datang burn inside 6 months it could easily be valued at anything between $20 and 50m on hype and promise.
Still needs a key shareholder or 2 and I don't see them either.
Money in the bank and Datang or an offtake customer holding 5-20% (ideally 19.9%) and it could be valued at $100m.
Options are just a derivative of the SP so anything that opens the door to upside is a win.
The attraction of the options is the time to expiry.
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