The options seem significant enough to add to the calculations.
The terms are 1 free option for each share issued, with exercise price of 0.007 per share. That's in the money already at the current price of 0.008. So we can assume that 1371 and 571 = 1942m shares issued will come with 1942 'short dated' options that will be exercised, creating an increase in shares outstanding of ~4 billion shares (fully diluted basis).
There are even more options, so called 'long dated options', that come with these placement/SPP shares but the share price still has to go up another 25% for those to be in the money, so let's exclude them for now.
The coming dilution seems pretty insane to me, to be honest.
The options seem significant enough to add to the calculations....
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