The number of options on issue can certainly weigh on a stock's...

The number of options on issue can certainly weigh on a stock's price. The drag only increases as the price approaches the exercise price and holders start to factor in the jump in MC once the exercise price is breached. The drag on MPJ is on with 1.2 billion options on issue. Shares issued and MC along with price are just functions of the same thing. My view on the announcement is that it's certainly better than finding no nickel whatsoever and is another positive step.