Hi Bill,
I'm using the Black Scholes model, freely available on google as an excel download.
Clearly a bit tricky giving theoreticals on forward option pricings, as the time premium dissipates as the option approaches expiry.
I worked the standard deviation (90%) out around a month ago, so it may not be entirely accurate, but close enough for my needs.
Anyway, here's a snip of B/S's option valuation if the FPO's were $0.70 on 30/6/17. You can see there has been some slippage in the option's relative value, due to reductions in time premium and leverage.
(It goes without saying of course that in this example your investment at $0.315 has appreciated near 50%, v the FPO's 27%)
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