Great now Management can do something to move the price higher as it seems most Management like(let) the price low prior to setting the options price:

Melkior Grants 1,900,000 Stock Options21 minutes ago via Marketwire

Melkior Resources Inc. (TSX VENTURE: MKR) ("Melkior" or the "Company").

As of July 16, 2010, Melkior's Board of Directors has approved the grant of 1,900,000 stock options to directors, officers and consultants at $0.20 per share exercisable for 5 years. The stock options vested on the day of the grant and are subject to Melkior's Stock Option Plan.

This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior.

About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.