Most mineral small caps allow up to 10% options including SGR which is 10% and voted on at every AGM.

3,125,000 options with a strike price of $3.45 represents less than 1.2% of the o/s shares. They are also vested over 3 years and hopefully also granted to non management ie geos, "good" miners, supervisors

Their IR team should get squat for options

If had cash on hand I'd be buying all I could at 3.30

Yes we're down but so are most other gold and silver small caps:

http://www.mcewencapital.com/

cheers