REY rey resources limited
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comparison with fse transaction

  1. FiendishRedbeard
    9,111 Posts.
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    04/06/09
    17:14
    Post #: 5244103


    FSE completed a 60% aquisition of thermal coal project in SA.

    Interest 60%
    Resources 1Bt
    Cost ~A$44M....

    No not directly comparable but offers some magnitude of recent thermal coal transactions.

    Also, FSE needed to reimburse the jv company some of the previous exploration expenditure.
    REY Price at posting: 12.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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