Options have 18months time value on them, that is the key...

Options have 18months time value on them, that is the key element, 18 months a lot can happen. There are a number of stocks whereby the options trade at about the same price as the heads if not more.

Look at ERHO or CVIO for examples to see the huge premiums the oppies trade at. The letter by PW which ever way you like, but the message is strong you would want to take up your ‘rights’.

Only a couple of days left before the 'Rights' is over then we are almost through the dreaded month of 'June', IMO there will be regular news flow in the 2nd half of 2008 on many projects.

Short term CMR is interesting, if INL win the CMR contract it is a dead set company maker. Sargold is another one (copper/gold project) two metals that are still very strong at present. Medium term the Metals Recycling Project economics (earnings/costs) & major project partners released.

Current market volatility is affecting most stocks, INL included and the ‘Rights Issue’ compounds the problem further. Financials are getting pounded just look at the Banks, Metals Prices apart from Zinc/Lead are still doing very well. The BRIC countries are still growing and have many decades of catch up left in them.

Regards