standout risk/reward chance

Could someone check/correct/adjust/comment on my figures for GOP please.

Closing SP yesterday: GOP 19c, GOPO 9c
Gilbert JV: 51%
Gilbert P50: 56 million barrels oil
GOP Issued Shares: 61 million
GOP MktCap: 12 million dollars.
NPV Oil: $AUD 15.00
Strike Chance: 1 in 3.8 = 27%
Strike Value GOP: $7.02
Strike Value GOPO: $6.82

Current Fair Market Value GOP: 10c so strike potential = 3,647% gain.
Current Fair Market Value GOPO: 5c so strike potential = 7,533% gain.

Calculation GOP = ((702 + 10 - 19) / 19) x 100 = 3,647%
Calculation GOPO = ((682 + 5 – 9) / 9 ) x 100 = 7,533%

If my figures are roughly accurate, then GOP/GOPO is one big standout undervalued risk/reward speculative chance based on the current SP.

Would appreciate other comments and adjustments please.

Mensa.