You ar missing the point:1) its still early days2) there is...

You ar missing the point:

1) its still early days
2) there is enough IO indicated for FMS to econmically mine
3) there are at least two IO miners nearby that could be JV partners or even buyers
4) the FMS MC is not so high that there isn't a substantial upside
5) if you are so concerned about ppl taking up the options, then consider, why would ppl take up the options? A) because its easily worth the punt
6) FMG in particular should be eyeing these results as the rights (or purchase) of the FMS tenements would mean 1.6Bt+ of IO in the immediate area - economic size to mine even if the FE% is not DSO

The reality is that opportunists are bailing because they cannot see a large short term upside, while the investors are buying because in the medium term the risk is low and the rewards reasonably high.