From the link below
"Red Emperor and Range each hold a 20 percent stake"
"Phillips estimates that success in Puntland could add 110 pence to the company’s fair value" (being Red Emperor he is talking about)
Red Emperor shares are currently 20 p so that is about a six fold increase in share price. Can't be directly compared to Range of course due to its much larger market cap
http://www.proactiveinvestors.co.uk/companies/news/39390/fox-davies-capital-raises-red-emperor-resources-target-price-after-puntland-update-39390.html
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