12:48
@Mayank Alright, I had some more time to analyze this problem: Observer mode is dependent on the location of the observer. The observer sees a different number of images depending on his position. Try moving the observer around and you'll see that the number changes between 11 and 12 depending on the position.
A more concrete number would be the number of images formed, which is constant and does not depend on the location of observer.
The number of images formed is $\frac{360}{\theta} - 1$, if $\frac{360}{\theta}$ is an even number or if $\frac{360}{\theta}$ is an odd number, and the image is placed on the bisector. For the odd number case, this happens because the last two images coincide with each other, and you subtract 1 from the number of images formed.
If $\frac{360}{\theta}$ is an odd number and the image is not placed on bisector, you get $\frac{360}{\theta}$ images.