Is it common for juniors to issue stock options at or near the current sp value? I would greatly prefer that options be issued at strike prices at least somewhat above the currently depressed stock price. However, I would rather see stock options issued worth potentially several $1,000,000 when the stock price finally appreciates rather than a salary and/or bonus in cash of the same amount. A little dilution I can live with whereas giving away our drill, drill, drill cash is totally unacceptable (IMHO).

Doc