Its good to see this little gem becoming loved again. The upside...

Its good to see this little gem becoming loved again.
The upside for REY could be anywhere. There are too many big players in the know with a stake in this for it to be left alone.

Im very pleased with the management of this company and those who sit on the board. I like the India connection especially, which opens the door for us in a big way. Having said that, I would be alot more impressed with them releasing a JORC about now.

Been checking out FMS. They are in the same spot waiting for what could be a minemaking JORC. They are in a lather. Not like our sensible, analytical and patient approach.

Yes Weihua, our Sth American Au and Cu assets on care and maintain are valuable, but perhaps divestment of them would realise capital for the feasibility and scoping studies (which will take a year at least). Whatever cash remains would have to go on mine development and infrastructure. REY may decide to follow coal projects only.

A JV will be probable however when we see the size of the tenements and the prospect of quite possibly over 1Bt quality thermal black coal. JV partners will be eager to farm in to the resource once they see how big it is.

Cheers Jondoori