Where did you get this from? Do you have source or did you just make this up? The documentation clearly states that the scheme options are exercisable at 7.5 cents, expiring at 31 July 2017.
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
CUF CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch