EN1O, page-5

If you believe the SP is to go higher than 0.25c then its not such bad buying if you want to simply trade the options.
A heads price of 0.40c for example should equate to an EN1O price of around 0.15c (0.40c minus 0.25c exercise price), which is 15 bags on the options if you were to pick them up at 0.01c. So thats 15 bags on the options as opposed to approx 9 bags on the heads.
There is a long way to go to 0.40c obviously.