There are at least 21 ASX listed companies with an interest in Fraser Range exploration. It is the most prospective mineral belt on the horizon. The best known and best performed of these investments has been Sirius Resources. Its Nova Bollinger discovery has been a magnet for any company able to access the region but the history of Sirius itself shows how unlikely a discovery can be and how much good fortune is needed. Among the Fraser Range aspirants, the median return over the last 12 months has been -9% against a sector-wide median of -19%. They have done better but simply being there is not enough. Over the past several months, our PortfolioDirect rating product has reviewed and rated the majority of the Fraser Range companies. The latest of these ratings has been for Rumble Resources which was rated '2' on the five point rating scale. The Fraser Range company with the highest rating has been Enterprise Metals.
Nice detective work John, very interesting.