REY 0.00% 5.5¢ rey resources limited

Corporal the closest comparison I could find is GLOUCESTER Coal...

  1. 5,302 Posts.
    Corporal the closest comparison I could find is GLOUCESTER Coal

    Gloucester operates coal mines at Stratford and Duralie in the Gloucester Basin to produce 2Mtpa, made up of 30% coking coal and 70% thermal coal.

    Gloucester has secured forward sales in Australian dollars for 50 per cent of its thermal coal production in 2011-14 at historically high margins of $A20-45 per tonne,” the company said

    GCL has a market cap of 522 million dollars and produce 2mtpa.

    Apples for apples Rey is a bargain.

    regards
 
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