I confess to doing some figuring inimitable.
GGPO's traded as high as .4c in November when GGP was 1.8, so I think .3c must be worth a punt now, with GGP trading as high as 2.7c.
We all know with options, it can change quickly when news is due, and the SP excitement indicates that this may be soon.
Good luck all,
John S.