RES amongst other coalers has been trashed lately. We had the...

RES amongst other coalers has been trashed lately.

We had the mixed blessing of a placement at 18c just before the market decided to collapse. Much of the selling could have been these placement people abandoning ship. But without that placement I think we would now be in a lot worse position.

In about 8 months we should have a reserve and not just a resource. That requires the BFS if I am correct along with the drilling data.

So compare RES's Market Capitisation per tonne with some of the companies ahead in the development game and you can then see where we are heading.




Also compare the above graph with the one below where still using the MC/tonne you can see the MC/tonne compared to the present MC/tonne.