I don't see why all this dilution is necessary. I don't think there is too much correlation between stock performance and options and salaries of all sort of individuals.
Damn it, people mined that area succesfully long time ago with much less sofistication, no options, limited bonuses, etc. We need some harworking guys(if they exist) with their noses close to the ground.
We should do a stunt like Barrick did with "Free the silver" project, where they invited proposals for improved recovery of silver, pay them, and give 10 million if the project became successful. Lets invite 1000 kids from the region over the summer and let them look for gold, anyone that finds something that eventually is developed gets a 1% net smelter royality.