ron48-

This is all good and all, but missing the day before that has all officer option grants.

For example, Mr. McConnell and Mr. Williams rewarded themselves for screwing up the Cove resource and dumping the share price by granting themselves 500K(mcconnell) and 525K(williams) stock options. The total grant according to the press release was 2, 725, 000 shares. Add up all those granted to officers and directors, you get 2, 025, 000 shares, meaning the other 700, 000 went to employees. Now according to thomas, Mr. Williams said there were 12 geologists on staff. Is this total company wide or just Nevada? If all 12 geologists (and no other employees, which is unlikely) were granted equal options, that would be ~58, 300 options per geo. It likely was less, because not all employees of Victoria are geos.

So, quite an incentive for the geos to do well...even the VP Exploration was granted only 150, 000 options. So the only group in the company that has the direct ability to cause a substantial increase in the share price (and returns for investors) is incentivized the least. Not certain where that is a logical choice. When the company put out the news release for Mr. Ted Wilton being hired, they painted it as here is this great guy with all this experience....well, judging from what he is awarded, the confidence doesn't seem there. This is, of course, entirely my perspective and opinion.