value of 1.5c options due sep 2013

BRR, I think you asked earlier about a market.....

Using www.option-price.com and the assumptions in the Preliminary Final Report, I reckon the value of the Rights Issue options is about 0.4c a piece.

ASSUMPTIONS
Share Price $0.008
Exercise Price $0.015
Share Price Volatility 108.4%
Risk Free Rate 4.7%

Happy for anyone to correct me.

Now let's be realistic. They are probably worth 1/2 or 1/4 of that value if you are lucky enough to get some.

With the stock at 0.7c, then the rights issue saw them worth 0.1c a piece. And no-one really swooped in to take the deal.

NOW, here's the good bit as I see it. There's now 1.2b of these options at 1.5c a piece. IF, and that's a big IF, the stock get's to 2c, I guess quite a few guys will start exercising them. If only 10% exercise, that will put nearly $2m of much needed cash into the company. If 100% do, then that's $18m into the coffers.

Here's hoping!