china firm to build wa iron ore project, page-17

IMO The directors have issued the options to themselves with a exercise of 40c expiry at the end of the year, presently the fully paid stock is at 38c, so they are just out of the money. With 08 options presently closed at 23c.If you add the exercise price that would bring the total to 50c on the fully paid, so there is about 10c time value, which is about right. As for the 07 options there is less than one year before expiry, so about 5c time value at present, fully paids should be close to 80c IMO very soon.I have picked up a ten wheel barrow loads of oppies and if I had more cash would be buying more.I have charted this stock and there are three resistance levels one at 40 then another at 46 and another at 55 then 70, the 40c level will be broken I believe next week, and the stock will be trading around 44 to 49 in about 3 weeks, oppies will come up to around 28, Sage said drilling will be completed in april but that is now probably going to be delayed as they are now drilling the land adjacent to them, expect an announcement around april is my guess and IMO stock will be re rated then to around 55c upwards, options around 35. This stock has the potential to go through the roof, I am not a ramper but certainly do see the value in CFE. The board will not let this stock be sold off cheaply, so that is why no deals are being done just yet, but dont worry as there will be a deal soon and it also may take a year. I am a serious investor who is in for the long term, and with the current demographics everything augers extremely well for CFE. This is not a short term play I am in for the long haul. IMO this stock should easily exceed one dollar next year.Worst case scenario