why is rey unloved

We need some coverage by analysts to highlight this unloved gem.

My ad-hoc coverage.

An initial rate of 2-3Mtpa exported through or near the Port of Derby.

The delineation of >300Mt resource is sufficient to develop a 10-15Mtpa mine with a dedicated rail line and port for a 20 year mine life.

So far we have 511 million tonnes and a strike length of over 200km.

Near term potential for 9 billion tonnes exploration.

Capital costs for 2-3Mtpa is Approximately $100m.

Capital costs for 10-15Mtpa is Approximately $500m to $700m.

We have the resource covered for both.

2-3Mtpa is a certainty.

cash costs are estimated at about $50 for road and $43 for rail.

current thermal coal price is $72.

Profits from 2-3Mtpa is about 66million and
for 10Mtpa is about $290 million.

The company is looking at 20Mtpa with further drilling as stated in announcements.

We have India and China hungry for more coal to feed their power consumption.

We have the following.

India's Economic Times reported that Larsen was in talks on buying Queensland thermal coal ground for between $US250 million ($292m) and $US300m.
The ground, near Brisbane, had 250 million tonnes of coal reserves, according to the report.

Resource is exploration target.

We have a few throwing in some low ball bids to snap this gem up.

Neighbor has no resource and market cap of $60million.

Current market cap of Rey is a mere $40 million with feasibility study underway.

Someone find me another stock with so much near term potential for a mere 40 million bucks.

Capital costs are not prohibitive, demand is strong and resource base and exploration is defined.

Show me the money and not the curry.

regards