Pls bare with me here a sec. as I'm about to relate another co....

Pls bare with me here a sec. as I'm about to relate another co. but only in ref. to SEG.

I was reading RAM's (RMR) release this morning and a couple of things struck me. If you pull up the Ann. (http://www.asx.com.au/asxpdf/20141027/pdf/42t64rkq7hjgpb.pdf) and have a look at the 2 images on pg. 4.

1. Creasy is obviously no dummy. IIRC, he holds the tenements directly below SEG's E21. Presumably it is he who sold RAM their E28 tenements (from the release). SEG also holds E28 - presumably again from Creasy.

Now, SEG have said they hold great hopes for E28. This morning RAM have also said they hold high hopes for their E28 lots. And (I'm guessing) Figure 4 on pg. 4 shows why. Their E28/2321 shows a pretty decent no. of high Ni. Assay drill holes.

Where as their 2320 lot - which happens to be in the same formation as SEG's E21- shows a lot less (apart from an apparent solid line along the very bottom.

So the question here is; given RAM's 2320 is in the same formation as SEG's E21 and appears to display a lot less high content than 2321, should we be a little concerned about how much E21 might actually hold?

2. Looking further down Figure 4 in the RAM release shows an almost solid line of high Ni. Assay holes right along the bottom of RAM's 2301 lot.

Now, 2301 is smack bang next door to that large SEG tenement (don't know the designation). So, given this solid line in the RAM lot runs E-W, WHAT does that mean for the large SEG lot next door and what could that mean with respect to the lay of any Ni. content underground?

3. And lastly (here's where I channel my inner touchy feely), if I simply look at the colour codings of the underlying geology (as opposed to the drilling colour codings), it appears to me that the highest Ni. Assays appear to tend to be found very close to where the underlying geology displays "dotted" yellow-green.

Given that SEG's pretty large tenement directly W of RAM's 2301 lot really only displays 'blue', how safe are we to assume there's unlikely to be a whole lot there?

Would be grateful for anyone with some deeper in-depth geo knowledge to fill out my layman's musing.



(P.S. Wonder who holds all that empty space in between SEG and RAM? Creasy still? And how much is that land worth? Beginning to really appreciate this Creasy guy's chutzpah.)