The 0.55c options expire in 9 months. There are A LOT of reasons right there why management will want to start getting the SP value up to reflect what some may feel is the true value.
Can it be done? Time will tell.
The general battery and mineral sentiment will play an important part. As will the global economy.
If protectionist or export tax/Tarif measures continue to be used by some regions this will slow uptake IMO.
There are a lot of people who will be seeing red in the LpI story at present just waiting for sentiment to change.
LPI Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held