ball park in situ value

Just ball park in situ(ground) value of REY's thermal coal.

1. Resource 511 million ton @ $72 a metric ton
= $36,792 million

2. Near surface potential 9-11 billion ton @ $72 a mt
= $648 billion- 792 billion

3. Total potential 30-36 billion ton @ $72 a mt
= $2,160 billion-$2,592 billion
($2,592,000,000,000 = $2.6 trillion )

Total share issue(excluding options)
: 183,638,445

1. $ 36,792million= $200.35/share
2. $ 2.6 trillion = $14,114.72/share

At prsent
1. GNM's offer price: 9.5 cents/share
2. Corsby's offer price: 19.5 cents/share

Apart from all CAPEX or so, whatsoever their offer price is insulting shareholders.


Regards,