Ann: AGM - Presentation, page-61

I have a calculator on my phone.
It tells me my average price on the heads (total investment / number of LOM FPO shares held) is about 12.7c.
I also hold half as many LOMOC as I do LOM.

If S = LOM Share Price, and the options get into the money, ignoring any future upside premium, they will be valued at (S - $0.10). So once in the money, my holdings per LOM share will be valued at

S + 50% x (S-0.1) = 1.5S -0.05

Hence my breakeven point will be when that value = $0.127

0.127 = 1.5S -0.05
0.177 = 1.5S
S=$0.118

If C = current price of oppies, current market value per share for me is
S+C/2 = 0.069 + 0.025/2 = $0.0815

Oppies at 2.5c with heads at 6.9c implies a premium of 2.5c - (6.9c - 10c) = 5.6c

So pricing in that premium, oppies are valued at S-$0.044.

Adding the premium to the above equation gives me a breakeven of
0.127 = 1.5S -0.022
S= $0.099