..DB...it is alla matter of where one thinks the SP will be late 2012...can't see yer 40c happening any time soon except by divine intervention[...I'm backing 20-25c]...It's all a personal "crystal ball" job......anything's possible...IN MANAGEMENT we trust!.....any idea why 2M unlisted options would come onto the market now?.....are "you know who" simply needing some cash flow......OR WHAT????..... :O)