Ann: TNG Announces Completion of FEED for Mount Peake Project, page-12

IMO, it's a real longshot as to whether it's possible for the SP to be over 18c in 4 months time. The main possible catalyst would be a favourable capital cost announcement in the next quarter. That's quite possible but I think you'd also need some positive news on the financing front as well to top 18c. Not sure how possible positive financing news is - presumably finance can't really be done until the EIS is done, nor could NTEPA funding be announced?
That said, I bought a few options a month or ago for shits and giggles. Very small outlay involved that I can afford to lose. Purchased in the full knowledge of TNGs ability to disappoint and I won't be whining if they expire.