relative valuation vs rmp, page-21

All right smar. Let's get to the bottom of the 2.5 to 1 thing.

After all the fund raising and exercise of options what do you figure the diluted share count is for Range? I'm guessing at least 1.7 billion.

At the moment RMP has 160 million. That's more than 10 to 1.

With Range having twice the stake in Georgia as RMP that's a 5 to 1 ration. Of course in Puntland it's 10 to 1.

RMP will not need money to cover the first two drills in Georgia and one in Puntland (as far as I know). Then if they have to raise funds it's likely to be at $1 per share and that won't have a major impact on shares outstanding.