That is a fair point, but the time left to exercise is ONE of a few factors. ATM I have no plans to sell my oppies. I hold a reasonable number of heads and will sell some of those (much later) to fund exercising of the oppies.
CFR have 3 or 4 significant tin areas in NSW.
2 magnetic anomalous zones found by Shell in the 80's - but never followed up when tin prices fell,
AND a 70% JV on a gold project with a conceptual target of up to or over a million oz of gold.
AND, of course the IO project. So, for me even if the IO came up with a LOT less tons than some anticipate, I still see better prices ahead for CFR. Prices that will make the oppies far better value to exercise than sell.
Just my view.
Cheers
CFR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
