RML needs to rise 100% if they are to get these oppies over the line...and they need to do so in just 11 weeks!
Assuming they could even get close to this, the time premium on the options will be be working against you, reducing as the expiry date approaches...so even if the OFP's do get to 30c by expiry day, it will still only see the options trading at about .004c.
Unfortunately, to make any money at all on the options, you will need to see RML something like 32c come expiry.
Not much of a return when you consider the real risks of losing the lot!
If this sort of high risk play is your thing however, I suggest you look at buying some AZROA's instead.
Same expiry date as the RMLO's, but their shares don't need to rise nearly as much to get their oppies over the line.
What's more, they're also in a rising sector, are currently trending upwards and seem to be attracting foreign money.
