Yes at pro rata, ie if the buyout price was 8c per share you...

Yes at pro rata, ie if the buyout price was 8c per share you would get 3c per option. Can't see MGT being bought out before a BFS is completed though, let alone a PFS, which means unlikely to be bought out this year so I don't think the options would be included as part of any takeover offer. Just the same the company will likely have an extra $14,879,009.25 in the bank at the end of the year and possibly up to $23,510,236.5 to continue developing the Razorback Iron Project, that is the options are important to fund the project going forward and either get us someway towards production or the point where an offer is made.