Howdy vontrader:
"I suppose in some peoples books 4-5 years isnt long , more medium term - is this your conservative estimate Trees ?"
To me that is medium term. It will take a while to get some of the product out. Long term 5-10years, if no take over then there is a good chance this will be min $2.
Perhaps there maybe some time and $ saving if they had some chats with REY. Share some of the infrastructure costs.
On the shorter time frame, meaning this year, good drilling results will push the SP up 2-5cents.
Now all this relates to commercial coal and sizable JORC (similar to REY).
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"should stay under the radar for a little while longer"
This I hope stays true.
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All my conjecture/thoughts
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