john paul jones... jack rabbit junior, page-16

G'DAY Shrewd.

Range and canmex have(based on todays value) 1 billion dollars worth of seismic data , of which a couple of hundred million dollars worth of the choice stuff has been enterpereted.(about 900km)

Not bad for a minnow.

If we the share holders had to pay for this , the stock would be impossibly expensive.

Mr Povey stated last week that they can go to drilling stage on the 900km alone that HAVE been enterpereted.

The original cost of the seismic data 27 years ago was 150 mil, by todays standards thats way over $1 billion.

According to rrs when asked about AIM this week, the answer was DEFINATELY before Oct 01.

MO=modus operandi (method of operation)

Range , this close to AIM,JV,CXM FARM IN,MINERALS REPORTS ON URANIUM, FE2 GALENA,TIN,COAL, is still seed money.

Therefore the risk involve is proportional to the reward potential.

When it starts to run , it may double or triple before you get a chance to buy in, unless trading is your day job.

The reason this will happen is due to the amount of stock held by the HOLDERS in the top40 .

If you include consort and Sir Sam then add the stock listed in US and Frankfurt markets, there's only 15% of the stock left for the punter.

When it runs, blink and you've missed the opportunity.

They picked the eyes out of the seismic data and enterpereted the big potential flows already.

Not many people know that 100's of millions of barrels flowed out of Somalia when I was a kid in the 50's........look up block ''c''

Do you think ego is a pump and dump, or do you think they can get more than a thousand bbls/day contract with BP