I do agree with most of what you say

I just have a hard time understanding under what senario not exercising these cheap options would be a benificial strategy

There appears to be 2 different camps amongst our directors as to the future of the company. 1} Quick merge 2} Growth thru production

I am split here myself. I probably would want a quick merger if it was $1.25+ as I feel the window is closing & there is a further market correction looming {safe $}

I do believe If we abandoned M&A , got non delutive financing, open a 2nd leach pad & doubled our {soon to be proved 50-60k oz/year}to 100k this would give us a much larger payday {my sell $ w/b $2.50} much riskier 1 1/2 -2 year plan

I would love to here you thoughts on this