whc will ship 2mt in 2010, page-13

Max read the following.

Nathan Tinkler to raise $300m in Aston Resources IPO

Maules Creek has total coal resources of 398 million tonnes of coal

Aston has been in talks with Japanese, Korean, Taiwanese and Chinese power generators and steel mills for three or four months, Tinkler said, and expects to soon announce offtake deals for about 50 per cent of the output of the Maules Creek coal project in New South Wales state.

He purchased this for $500 million buck.

http://www.theaustralian.com.au/business/city-beat/nathan-tinkler-to-float-aston-resources-on-asx-in-2010/story-fn4xq4v1-1225831849090

why is Rey valued at 40 million buck?

why has Rey not been able to create shareholder wealth through this large coal resource?

Nathan Tinkler paid $500 million buck for this a few months ago.

Now he is listing it to raise $300 million bucks and retaining 50% for himself.

What a deal.

In several months after purchasing this project he has managed to source 50% offtake and soon to list it to raise $300 million big ones.

What has Rey done with this vast resource in the last 12 months.

JACK.

If you ain't got the right people at the helm with a vision and purpose then you go nowhere.

This is the story of REY.

regards