Ann: Update on Exercise Price of Options, page-7

That's not really true. It's more reference to how options normally behave, not regarding chance of FGR being in the money. The closer you get to expiry, the less options will differ from:
option price = main shares price - options strike price.

If FGR shares were at 35c this time next year, almost guaranteed the options price would be around 9c, being 35c - 25c strike price.

Assuming the strike price didn't change (always 25c even last year), and the share price this time last year was 35c, the price is harder to tell because you have anticipation of the main price going higher. So it would be like:
35c - 25c strike price + some anticipation share price will rise on significant sales over the next 2 years, let's say 20c) = options price of 30c.

So at that time closer to issue it's worth more because there's more error for speculation, vs when your close to reality when the price didn't change or fell, it drops in value. Or hopefully with FGR, exceeds our expectations!