Ann: Quarterly Activities and Cashflow Report , page-16

G'day Grar.
I worked out the 28.5c by taking the current price, 22.5 and then taking that from the 25c exercise price = 2.5c.
I did this because you can buy at 22.5 today so if you wait and exercise at 25 you really have to ad the 2.5c to the 25c because you are losing that by waiting in order to give a true comparison with buying today. So that gives you 27.5c and the 1c for the options = 28.5 and you should really ad brokerage to that but I didn't want to be too picky.
I really hope it comes off for everyone giving it a go as that will mean that the price has increased accordingly.
The other possibility is that if the share price gets to 25c soon then the options should start moving in sync with the increase in the share price. In other words, if the share price is 26c then the 1c options should then become close to 2c as they will be in the money and if the shareprice moves to 27c then the oppies should be close to 3c.
This is where the huge leverage comes in with options because, you will be making 100% of your purchase price with each cent that the shares go up, but as Opaline says the problem now is time.
If this does happen you can then sell the options still as options with out having to pay any money and you just take the profit.
You need the shares to really start to motor pretty soon though for all this to fall into place.

Kind regards

Lockitt.