How did management make a mistake by giving away options if these options were mostly "given away" before the silver price run, and were not even in the money when they were issued? Six months ago the company was running out of money and they had a significant tax debt. This is different now. The conversion of options will contribute to exploration, which is the major upside for this company, so yes, I am happy with how they turned this side of their business around. I am less satisfied with their reporting of exploration progress, but this will likely change beginning this week.
Ann: EXPLORATION AND DRILLING UPDATE, page-19
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