In-the-money options usually doesn't carry much premium. VXLO is trading at a healthy premium which is a bullish sign for the heads as a general rule. ----- Just some numbers for those trying to value VXL. VXL has roughly 245m shares fully diluted (counting all quoted & unlisted/escrewed shares & options) Full exercise of options will net $18m.....Add $10m in cash = $28m. MC fully diluted at 0.30 $78m ....EV (fully diluted) around $50m. Far from overvalued ,with some cash flow from stage one this year & cash ( current & future) of over $25m when stage 2 kicks in. ----- Bullish Graphite outlook.....Expected prices by end of 2014 $1,600/ton & further mark up in 2015 with the crack down on Graphite mining in China & increasing demand. Many are of the opinion that Graphite has bottomed....A sweet spot.
VXL Price at posting:
30.5¢ Sentiment: None Disclosure: Held