director options, page-2

The 3,200,000 options between the Directors does not bother me at all, especially as 2.2 mill are exercisable at $1.90,with the mill balance exerciseable at $2.25.

That will be $6,430,000 cash into the company coffers if all options are exercised.

They are long dated, to end November 2013, so they have plenty of time to get the SP up, but it also help cement a stable and consistent board well focussed on shareholder value.

All options must be issued within 15 months of approval being given so I assume this will be on a performance based arrangement but I am not certain.

They have done a sterling job so far IMO and I am happy to see them rewarded in this way.

Cheers

Cabe