Ann: Appendix 3B, page-29

The options are essentially 40.5c shares with 20.5c paid now and 20c paid at the end of 2020 (double the leverage as with the same money now you can afford double the shares).

Lets say the price went to 80c - the shares would have doubled from the 38.5c ish they are now (2X your investment) and the options will be worth about 60c (3X your investment).

Pay a bit of a premium (ie. paying equivalent of 40.5c now instead of 38.5c) but the premium you have to pay to get leverage is worth it i think.

(Note: the premium people are willing to pay for leverage will reduce over time as you get closer to the expiry date as the chance of the leverage being useful decreases - this starts happening from 6 months out though so still 2.5 years to go at similar or higher premiums to the 2c now.)