Any Warrants experts out there?

Now warrants are like options.
If I buy 1000 warrants at current price of .63
this means that I must have a share price above 4.07 to break even??
That is warrant share price of 3.43 plus warrant cost of .63 equals 4.06.
Is this correct?

Will the pps be above 4.07 in 5 years ??????
I dam sure hope so!!!!