Ann: Key HMS Tenements Granted & New Ground Staked in SA, page-3

Hello. My calculations below. I excluded 6,927,125 performance rights because they are complicated and some of the vesting milestones i read appear quite high, such as 15 cent share price. It appears most of the performance rights are given to Chessell. Its good to see the directors chipped $116,723 into the placement and SPP.