valuation, page-6

Perfect stage, Range does not have a 25% interest. Read the ann. The 25% is split between Consort and Range at 12.5% each subject to formula. You are beginning to look silly.

"In the event of KNOC proceeding Range would hold the residual 25% (contributing interest following minimum spend) interest with the acquisition of the 12.5% interest from the Company’s joint venture partner Consort Private Limited for an agreed formula based on the farm in terms."