thoughts on sir? anyone?, page-21

I apologise Newjo, I did get it wrong, the options are at 3 cents over 5 yesars, however the number of options is correct. From pg 45 of the annual report, Section 19, Events Occurring After the Balance Sheet Date:

"Apex and Carey Minerals Asset Acquisition
By a combination of the Apex Nickel and Carey Minerals Transactions the Company
will acquire a 100% interest in the Apex Nickel-Carey Minerals joint venture.
The consideration payable to acquire the Apex Nickel and Carey Minerals Assets is:
a) $1 million in cash to Apex Nickel and $250,000 cash to Carey Minerals.
b) 66,666,667 shares to Apex Nickel and 16,666,667 shares to Carey Minerals at
a deemed issue price of 0.85 cents per share.
c) 600,000,000 options to Apex Nickel and 150,000,000 options to Carey
Minerals by which options the holder may subscribe for shares at an exercise
price of 3 cents each and exercisable at any time up to the date which is five
years after the date of issue."

Mea culpa.