Cache Exploration Inc CEXPF

RE: RE: It will be fine, cheap

[ceosss]

I see your point Jim but let me say a few things:

So far in its brief existance, Cache has paid out a total of zero dollars and zero cents in salary to its employees.  The people in this company have worked for the options they were initially granted and nothing else.  There were 1.2 million options granted today to 10 people involved with the company, many of whom have worked essentially for free since 2008.  If the stock gets back to your cost of the mid thirties, the total amount of these awards will be about 175k, or about 17.5k/person - not an outrageous sum of money.  I'm sure the company could pay all of these people with some of the cash on the balance sheet but I, and I assume they, would rather see those funds at work in the ground. 

Todays grant represents about 5% or so of the shares outstanding.  If the stock gets back to 35 then the effect of having an additional 5% worth of shares outstanding would be about a cent and a half, nothing dramatic. 

The company is going to give us a plan for the Nunavut properties soon.  They have a million dollars in the bank that has to be spent on exploration before the end of 2011.  The people in this company are going to be working very hard for the rest of this year.  Although like everyone else I wanted the Welsford was a home run, it clearly wasn't.  There are some great geologists selecting these properties and I'm sure it is just a matter of time before something decent in the ground is hit.  Till then we have a 4 million dollar market cap with a million dollars in the bank and the human capital of people in the business that know what they are doing.  About 120,000 shares each at 20 is reasonable compensation for them IMO.