What rubbish, the market does value options and that’s why they...

What rubbish, the market does value options and that’s why they are listed.  Would an investor take the placement just for the options??...absolutely.  Who wouldn’t, if you could put a $100k in and get it back out again ASAP and keep the options then that’s a huge win IMO.  On one hand your saying this will be valued fairly by a steel mill implying its worth multiples of the current price and on the other hand your saying options aren’t worth much. If a steel mill we’re to value this at $1 in the next 12 months then those guys that were offered the placement stand to make bucket loads at the expense of everyone here