Are these numbers correct?if so how big is the dilution on this...

Are these numbers correct?
if so how big is the dilution on this thing?
1,171,430,672 IPO on issue
OPI to come
389,459,672 @ 2c
55,000,000 @ 4c
702,000,000 @ 1c
12,000,000 @ 1.5c
If all options are exercised, a further 1,158,459,672 shares issued.
Based on today's price, the company will be valued at close to $60 million. However, there are no real resources or assets for the company that i can tell. Therefore, the company already overpriced. Shouldn't we be heading for the hills?