CTR The valuation is for RRS I thought?
but this is the important bit
"Consequently, on an NPV 10 basis, we value Range’s interest in a presently modest reserve base at
between $13.1m and $14.9m."
RRS has a 20% interest through CTR
CTR have a 70% interest so CTR value = $45m - $52m = 9c-10c a share
pretty close to my 8c-10c call
