MAY 28.1% 2.3¢ melbana energy limited

Hi FolksI am a newbie and i was wondering if someone can confirm...

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    Hi Folks

    I am a newbie and i was wondering if someone can confirm this for me. i just bought 5000 MAYO at 10c, so if i wanted to exercise the options how much would it cost me. I calculated like this

    5000 options converts to 500,000 shares, at strike price of 0.035 per share that would end up $17500 is that correct?
 
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