Ann: Metallum doubles mineralised footprint at El Roble Project, page-23

Big mahn,
I think you need to read up on options.
A 5 cent option means that you have the right to buy a share at 5 cents any time up to a specified time which in this case is June 2015.
The price of an option is based on time and how near it is to the strike price (in this case 5 cents).
As you get nearer the expiry date the time premium reduces.
If the SP hit 5 cents with only 2 months to go before the option expires the OB's would not be trading at a 400% as you claim ie 3.2 cents.
If the SP hit 5 cents tomorrow then you might see maybe 2- 2.5 cents for the OB but as the OB gets nearer to expiring this value will start to drop.