The options are worth 259k x3.45=$893550 in cash to the company if excised and nothing if not. They are also worth to the holders when excised what the difference in share price to 3.45, anything over 3.45 is free money. Not sure what your mean by $10 in 10years, if you believe the share price will be $10 in ten years I don't think so. It will be $100+ or zero.