Magna still have $500,000 to convert (must think the sp will...

Magna still have $500,000 to convert (must think the sp will retrace), they will get 7.5% profits from production of a Maximum 400,000 tonnes per annum. Nearly 100m options at 3c
Not sure about this 200% of the vwap, can anyone enlighten me on this, what are the implications on this part.

At least they can start moving forward anyway.