REY rey resources limited

According to drilling report,Indicated resources:Duchess:...

  1. 1,015 Posts.
    According to drilling report,

    Indicated resources:
    Duchess: 16sqkm, av thick 9m, 16*9*1.5=200MT, (100MT suitable for open pit cut)
    Paradise: 12sqkm, av thick 4m, 12*4*1.5=72MT,

    Inferred resources:
    Liveringa: thick 35m, 50MT per sqkm,
    Myroodah: thick 15m, 20MT per sqkm.

    Massive coal underground, specially Liveringa and 60km untouched area between Duchess and Liveringa, but most people have forgoen REY and few people still hold confidence in it.

    Top 20 shareholders hold 85%.

    Looking forward to 2009 Q1 JORC report and share placement price for next capital raising.

    Cheers


 
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