Eyedrop. The options price does not reflect the Director...

Eyedrop.
The options price does not reflect the Director expectation of the shareprice at all.
The options price is a price set for SI as a sweetner.
So, if in sat 6 months the share price is trading at $2.00, the people who hold these options can simply cut a cheque for each share they want to buy at a price of 0.4425c.
That money will go into Capital for the business and they could sell these share on the same day for $2.00 in the market.
Its a very nice sweetener, in fact it is better than the $0.31, IMHO.
I would love to have the opportunity to buy a share at a price at any time within a couple of years and sell it immediately (if I wanted to) for many multiples that same day.

Of course if the shareprice is $0.44c or less - just let the options lapse.

Of course I am conservative the shareprice will be way above $2.00 in 2 years