Ann: March 2012 Quarterly Report , page-7

Not rocket science boys - Eric Gutierrez is a very experinced and well regarded mine operator - he runs a leading mining contractor, construction and heavy equipment supply group. Eric was appointed on the 29th of August - SRM issued him 1,000,000 incentive options ex at $0.25..
Announcement on the 29th Aug 2011 - I would say that SRM are looking to him to manage Nalesbitan... This could be a nice little kicker for SRM if they do a deal with his company..