AZL General Discussion, page-765

I am not a fan of the options being proposed to be issued due to the low strike price. Although it is to partly compensate for a below market salary, in my opinion there should still be some performance objectives/hurdles actually tied to the operation/furtherance of the company before being able to exercise the options. These options should be time based where the management team needs to meet certain milestones by X date otherwise they are forgone or part thereof. Examples of appropriate milestones would be: BLM approval, defining a larger resource, completing appropriate feasibility studies, pilot plant success, off take/JV agreement, sourcing a cornerstone investor, listing on the Nasdaq to name a few. I am all for rewarding management if they have the ability to increase shareholder wealth through furthering the business to eventually commence production.