Their valuation is inconistent with the valuation they gave...

Their valuation is inconistent with the valuation they gave yesterday for Range. From the iii board.

The Old Park value for each RMP share (see calculation below) comes out to 192p, that is, $2.93 Aussie dollars.

Current value is 35 cents

Here are the Old Park numbers for Georgie and Puntland for Range.

Puntland
Nugaal PSA US$333million 10.9p
DharoorPSA US$103million 3.4p

Georgia US$126million 4.1p

The value of RMP is arrived at by looking at the ratio of issued shares for RRL and for RMP and their respective shares in the two projects.

Fully diluted RRL has 1850 million shares, while RMP have 157 million giving a multiplication factor of 1850/157 = 11.8

They each have 20% share of Puntland while RRL has twice the share in Georgia.

So...

Taking Old Colony valuations again and calculating RMP share values:

Puntland
Nugaal PSA US$333million 10.9p * 11.8 = 128p
DharoorPSA US$103million 3.4p * 11.8 = 40p

Georgia US$126million 4.1p * 11.8 / 2 = 24p

For a grand total of 192p