Personally I think it would take success at Buru's Laurel...

Personally I think it would take success at Buru's Laurel testing to get them into the money and the options are going to expire before the results of the testing.
If the testing goes ahead to schedule and other uncertainties regarding Derby are ironed out over the next few months I think the SP will rally but for a 300% return I think we're talking testing success which can't happen before the oppies expire. Best case scenario they're talking mobilisation of testing gear early June and October for results.
I suppose there might be room for an initial flowrate report in the first couple of days of testing that just might sneak in before the 30th of June but I don't think the market is even betting on Buru's testing going according to schedule let alone "best case scenario".