Maybe this is how/why the SP has creeped up to where it's at. This way they can price the options using their market formula and the closing price yada yada yada.

Nice to see the general markets coming back up.

See Mr Hughes is reloading (Acquisition under a prospectus exemption) .

Golden Chalice Resources Inc. (GCR)	As of March 17th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Mar 17/09	Mar 13/09	Hughes, Richard William	Direct Ownership	Warrants	53 - Grant of warrants	250,000	$0.150
Mar 17/09	Mar 13/09	Hughes, Richard William	Direct Ownership	Common Shares	16 - Acquisition under a prospectus exemption	250,000	$0.100
Mar 17/09	Mar 09/09	Keating, John	Direct Ownership	Options	50 - Grant of options	200,000	$0.150
Mar 13/09	Mar 03/09	Brennan, Linda	Direct Ownership	Options	50 - Grant of options	110,000	$0.150
Mar 13/09	Mar 03/09	Campbell, Alan Duncan	Direct Ownership	Options	50 - Grant of options	200,000	$0.150
Mar 11/09	Mar 05/09	McDonald, James	Direct Ownership	Options	50 - Grant of options	50,000	$0.150
Mar 10/09	Mar 03/09	Hughes, Richard William	Direct Ownership	Options	50 - Grant of options	350,000	$0.150
Mar 09/09	Mar 03/09	Evoy, Lynn Willard	Direct Ownership	Options	50 - Grant of options	50,000	$0.150
Mar 09/09	Nov 20/08	Evoy, Lynn Willard	Direct Ownership	Options	00 - Opening Balance-Initial SEDI Report
Mar 09/09	Mar 03/09	Montgomery, Joseph Hilton	Direct Ownership	Options	50 - Grant of options	50,000	$0.150
- Amended Filing