piggy back options

I just re-read the options prospectus and remembered the piggy back options.

If I understand it correctly, if you exercise your 20c strike option before Jan 1 2016 you then received an additional 1 for 1 piggy back option struck at 25c.

So if the shares go say to a dollar, the intrinsic value of one of today's options would be

$1 minus the 20c strike price = 80c

Plus

$ minus the 25c piggy back option strike price = 75c

In this case the oppies should then be worth $1.55 each, much more than the share!

Please correct me if I've missed something here but the oppies look like they have some amazing value