konang 3 well update, page-5

this one looks like a good punt I have been doing some back of envelope adding up on this one...I come out with a number of possibilities all of them indicating a real value of 10c +

If any of their 3 projects can actually be made to work - which having listened to the briefing seems exremely possible then we have 3 chances at making that 20c+

The heads are 5.5c and the oppies are 1.7c - given the price of the oppies with 50k costing only $850 atm there seems to be limited downside compared to the upside.

I bought a small holding today while doing some research I will definitely be buying more on Tuesday.

The oppies have a strike price of 8c - just 2.5c above today's close - puts the oppies in a strong position for some decent short term gains for only a small rise on the heads.

Also quoted in the USA

you can keep an eye on the US sp here:

http://www.otcbb.com/asp/Info_Center.asp

and then type in the US code CTVWF

Anyone else got any opinions on this one??

EB