Ann: Offer to RLEOA Option Holders, page-38

I beg to differ on your premise that they aren't easily valued although somewhat contradictorily I concede from our previous interaction that there is definitely room for debate in the accuracy of those models ie I still get different valuations from you currently and am happy to concede you may feel yours are better ..I've been using mine for quite some time with a fair degree of success and at the very least I think its still good enough to ascertain the value provided by the oft stated by me premise that >95% of mining options holders have no knowledge whatsoever of the value (ie they've been given to subcontractors , accounting firms etc) ..I'm sure you've seen as many times as me where , as way of example , an options px might be 4c-5c and trade at both those prices without any change in the underlying - a massive opportunity. So I strongly maintain that it's an incredibly poorly priced asset class which provides really good value even allowing for our debate on the width in variation in our models ?