Cathlyn question preparation question 21.

This question is in bpp revision kit

I have to b just clear in the point that we are given with current share price of cathlyn ,£3.50

After we do call option as per question the answer of call option using bsop is 0.39

The answer ends here ..I m trying to understand what is the implications of this answer to the asked question …call option ..option to buy this share

So this 0.39 ( the value of buy this option) is representing what ?

Usually for real option when we use bsop to calculate call option or put option we add up to npv to see whether delaying ..exploiting or abandoning adds value ..I understand the bsop .but for the above it is otc option …but the results depict what ?? If the examiner asks to comments on that 0.39 what I should say