ceo's remuneration package

FYI only per my recent complaints of MKY

This is the pay package of WEST AUSTRALIAN METALS LTD (WME with market cap of $49m)'s CEO for $190k only with a small amount of 3m performance options at 15c whilst MKY (market cap of $7m only) has done micky mouse deals and at best, only successful in making tenement applications that are left-overs::

8 April 2009
Company Announcements
Australian Securities Exchange Limited
Level 4, 20 Bridge Street
Sydney NSW 2000
CHIEF EXECUTIVE OFFICER
In the announcement on 27 January 2009 in respect of the appointment of Mr John
Young as Chief Executive Officer of the Company, the Company stated that Mr Young
will receive remuneration of $190,000 (plus superannuation) to be reviewed in six
months by the Board, four weeks annual leave and 3 million (unlisted) options
exercisable at 22 cents on or before 30 June 2010.
The Board has agreed to amend the exercise price of the options to be issued to Mr
Young to 15 cents. It is proposed to issue the options to Mr Young today, Wednesday 8
April 2009. In addition to his remuneration, Mr Young is also to have the use of a fully
maintained Company vehicle.
Yours faithfully,
WEST AUSTRALIAN METALS LTD
David Semmens
Company Secretary

WME's results ::
MARENICA URANIUM PROJECT, NAMIBIA
• Further significant assay results received from 2008 drilling as part of
ongoing QA/QC procedures, with highlights from the first 466 samples
including:
- 24m @ 1,057ppm U3O8 from 2m in Hole MAR 510
- 14m @ 674ppm U3O8 from 4m in Hole MAR627
- 3m @ 398ppm U3O8 from 28m in hole MAR 683
-
• Initial phase of the 2009 diamond drilling program completed, comprising
31 holes for 562 metres.
• Phase 1 drilling to provide information for geotechnical, mineralogical and
metallurgical testwork for the existing near-surface, palaeo-channel
Inferred Resource (111Mt @ 140ppm U3O8 for 34Mlb of contained U3O8).
• One of the key outcomes for 2009 is to define a robust processing route
which will enable the Company to progress to a Scoping Study later this
year.
• Review of the geology and resource interpretation for the Marenica
Project completed, resulting in a reinterpretation of the geological models
for the basement-hosted mineralization.
• HQ diamond drilling to commence shortly to test several key locations
around the Marenica Dome for “alaskite”-hosted primary uranium.

Now do you understand where I am coming from

AoA