in-the-money options

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.
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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.
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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.