Unfortunately every other company out there issues their options at the price that the shares are currently trading at so this is typically the industry standard. Sometimes it works in the company's favour and sometimes it works in the directors favour. When Mr. Zurowski joined the board he was given 300,000 options at $0.81. If we had used the 3 month average that strike price would have been a lot lower. In this case the company won and I'm sure Mr. Zurowski isn't too pleased right now that those options are deep out of the money.

I have no problem with management getting their share of options and making some money along the way as long as they prove up some decent value in the long run and I don't mean 12-18 months.

I think management has significantly expanded on our resource and is in the process of taking this project to the next level by bringing on SGS and Genivar. I agree that it hasn't been a smooth ride and that they have made a mistake or two along the way but I think they are laying the ground work for some big gains to come in the future.

I will be in attendance on Thursday so hopefully we can get a decent update as to where we're going in the next 6 months.