outlook for zircon prices positive, page-16

what I cant understand is director David Clarke holds something like 50 Million shares yet has not made a peep about the stock getting diluted.
The guy is suppose to be quite savy so I can only feel he has confidance in the project or is so peeved with whats happened he is just turning a blind eye
One thing if the zircon price is over $US 850 and they do get the production of 750 ton per hour with over 80% availability then the revenue generated of $60 M (not profit) should result in the shares being worth over 40 cents and still be trading on a PE of only 4 at that sp