In my opinion there are certain opportunities that don’t come...

In my opinion there are certain opportunities that don’t come along everyday and REY is one of them.

JORC 511million tonnes and counting
Half the distance to india than the eastern ports
Low capex to get things started at 2mt pa
Tug of war between big boys wrestling for control
Discussions with Chineese and Indian strategic partners
Likely ramp up to 20mt pa very feasible
Thermal coal prices on the rise
Market cap currently valuing the in ground resource at 12c per tonne
No upside built into the already extremely low market cap

So even on historical transactional valuations on thermal coal in ground of 50c with a 50% discount (very conservative ) we get a sp of 45c double the current sp.

It is clear that it wont take much at all to get this off and running with blue sky potential as the JORC is upgraded and it gets closer to production.

$1 plus is extremely realistic in the short term.

Good luck to all holders