RE:RE:RE:RE:RE:RE:RE:BW1 and MMWrote to Matt about those options, here the answer
''Black Iron’s management has not received a bonus in six years and the board is paid half in DSU as we are persevering cash to materially move the company forward. This option grant is to ensure management are highly focused and subsequently rewarded after we deliver some major results for shareholders over the next year as the project construction financing, land transfer and permitting come together. Note that these options only have value to management if the share price substantially goes up to the benefit of all shareholders including myself.
My personal cost base is roughly $0.65/share and I believe there is upside potential well beyond that level so have never sold a share.''