I guess you need to factor in 2 dividends of ~2.5c each between now and end of July, so it's going to be somewhat dependant on how the sp recovers from the dividend payments.
I picked up some warrants last week at .025 as I also think there could a little upside from here.. maybe not 8c but possibly 4 or 5, wouldn't be an outrageous prediction? Or.. get it wrong and they could go close to zero!