Might be the fully diluted amount including options, land deals, etc at the time of the move.

Speaking of cajones and options, management could buck the trend and stop issuing the damn things as the ultimate SH indicator(the shareprice) has been not at all dissimilar to that of Japan's lost decade. YOY, SGR has experienced SH deflation in the wake of every other gold related company and gold going higher and if the likes of Courtney, Rick and the pinheads in IR continue to get incentive based compensation, maybe they should actually do something for a change to earn it. Forget that last thought, there is nothing they could do at this point to deserve another freebee at the expense of making my shares worth less.