I should point out that I don't have options, but they could be extended for three years for a minimal fee IMHO -wouldn't adversely affect the company -Strike price adjusted to reflect the sum of new finance / JV deals.
Although the performance news is bad, at least we can rule out a company grab for equity:
When we get our next update ...I hope it includes some juicy drilling results from all over the greenstone belt.
Cheers,