Ann: Updated Scoping Study Results Lake Maitland Uranium Project, page-61

Your statement is fundamentally flawed. The performance rights are free shares if hurdles are met. The options will need to pay to exercise

What are Performance Rights?

Performance rights provide employees the right to acquire a “free” ordinary share in the future, subject to the achievement of performance hurdles (e.g., company milestones, share price performance, ongoing employment) over a vesting period (e.g., three years). Importantly, performance rights do not have an exercise price and represent an entitlement to the full value of the share i.e., the rights hold value regardless of the company’s share price.

What are Options?

Share Options provide employees a right to acquire a share in the future when they pay an exercise price (generally equal to or greater than the market value of the underlying shares at the date of grant). The value of the Options increases if the company’s share price rises above the exercise price. Options usually have a vesting period and an expiration date, after which they are no longer valid.