Mike, is it possible to put all these threads into 1 thread. Perhaps you could call it "Options ideas" or something. It will be easier for you and will clutter up the forum less.
They've reported earnings, and the share lockup expired this week. Unless some negative news about how their mine is progressing comes out, I don't see it going below the upper 50's. Its current sawtooth pattern is pretty good for trading ATM June options. Be aware that unlike most stocks, IV tends to go up when the stock goes up and down when it goes down.