LRS chart, page-756

Hi there, I'm also very new to all this and I've been tracking this thread as basically a learning exercise. If I may piggyback off the other poster's question,
let's say I buy LRSOC now for 1.3c, with the exercise price being 1.2c, does this mean I need the share price to exceed 2.5c to make a profit if I convert the options and then sell at the new market price? I understand as you've said it's possible and far easier to just sell the options on the market the same as stocks, but I'm just trying to understand the other process.

Cheers