I agree that the valuation will have a cap over it with the 3...

I agree that the valuation will have a cap over it with the 3 cent purchase offer but I don't believe that people have taken into consideration the transport costs. Compare this to a local ore find and you need to add a considerable amount onto the transport costs to get it to China and India. This one is already in India. My concern is how long will it take to get JORC when the company can exercise the option and remove the 3 cent cap.
I am still a buyer up to a point.