Goldfinger,
The 10.4 million unlisted options comes from the top left hand corner of the ASX release (17 July 2012) for Wilkins assay results.
You can also verify the 10.4 million against the last HAV Appendix 3B (a lot of the 10.4 million relate to unlisted options held by Havilah's Directors).
At this time, I would prefer to see HAV Directors and employees exercising all of their 10.4 million unlisted options first; before I even think about exercising mine.
Cheers
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