CMC 0.00% 1.1¢ china magnesium corporation limited

re: Ann: Significant progress and project on ... Lefevre.Thanks....

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    re: Ann: Significant progress and project on ... Lefevre.
    Thanks. You're right. Had not read that release. Agree.
    I suppose at least they're out of the money for now.
    Note Seismic Research had a $1.04 target once the
    20000tpa of alloy is met, hopefully by year end as
    planned, and CCZ Equities put a base case value of between $1.02 and $2.08, with final comments:
    "sort of hard to ignore"
    If they do achieve their ambitious targets I would not worry too much about them exercising their options at 45 cents.
 
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