rey resources the next ten bagger, page-7

It seems to me that Backontrack needs to do some research on REY before making overall bold assumptions that are incorrect, like his 45% tax.

Rey owns a huge prospective part of the Canning Basin, incorporating Coal, Gas and Uranium Projects that are currently being developed. This is one of the last major under-explored mineral and oil provinces in Australia. Its well situated to meet strong Indian and Chinese demand seen as ongoing in the foreseeable future.

Its Duchess Paradise JORC is a thermal coal resource of 511 million tons with a NPV of over $150,000,000. Moreover, any assessment on Rey needs to consider two other major factors.

First, only 20 km of a sub crop of more than 300 km has been drilled to date. Second, Rey have stated they will be shortly commencing drilling to increase the current JORC.

With a 280 km resource available to look at I believe Rey must have huge potential to be a ten bagger.