Options usually have a 3 year vesting period with a 20% mark up on the current SP. That is, they can be quite generous.
I once worked at a mining start up which was trading at 13c when I started. The exercise price for my options was set at 16c. In just under 12 months the SP hit $1.
GXY Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held